Today, Tribune Media has announced that it has terminated its 3.9 billion merger agreement with Sinclair Broadcasting Group and that it has filed a lawsuit against Sinclair for breach of contract. The withdrawal follows the Federal Communications Commission’s move to send the merger to an administrative law judge.
Today, Public Knowledge and Common Cause filed with the Federal Communications Commission a Request to Hold In Abeyance on the Sinclair-Tribune merger pending the outcome of the D.C. Circuit’s review of the FCC’s Order reinstating the UHF discount.
Today, Public Knowledge Senior Counsel John Bergmayer will join a Department of Justice roundtable on anticompetitive regulations at 10:30 a.m. During the roundtable, Public Knowledge will highlight a number of areas where outdated rules prop up old ways of doing business and unnecessarily -- and unfairly -- benefit large broadcasting chains like Sinclair and Tribune Broadcasting.
It’s the holiday season, and the Federal Communications Commission has been in a giving mood for the largest media companies. Over the past few months, the FCC has adopted a number of items that have relaxed or eliminated rules around media ownership. On their own, these actions allow for the largest media companies to further consolidate, drowning out diverse, independent, and local voices in the marketplace. However, the FCC’s actions have also particularly benefited one broadcast company -- Sinclair -- and its effort to merge with Tribune.