Sinclair May Sell TV Stations for Up to $1 Billion to Satisfy FCC

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Apparently, Sinclair Broadcast Group received bids for as many as 10 television stations that could fetch up to $1 billion as it takes steps to win approval of its proposed merger with Tribune Media. Preliminary bids for the stations were submitted the week of Oct 9. Sinclair may sell some or all of the outlets, all in different markets, apparently. The process could be delayed by uncertainty over whether President Donald Trump’s appointees will change rules limiting media ownership and how the administration will enforce antitrust laws. Federal Communications Commission Chairman Ajit Pai has told an opponent of the Sinclair-Tribune deal that the agency may review media ownership rules before ruling on the $3.9 billion transaction.


Sinclair May Sell TV Stations for Up to $1 Billion to Satisfy FCC