Friday, January 12, 2018

Trib/Sinclair Merger Paused Again

From this morning's Tom Taylor NOW column...

Tribune’s planned sale to Sinclair is paused – again – at the FCC. First there was a 15-day pause in the 180-day “shot-clock” review period at the agency. The latest pause is reported by Bloomberg, which says the delay allows “time for the companies to arrange for the sale of some TV stations, to bring the $3.9 billion deal in line with broadcast ownership limits.” Sinclair’s trying to make its best case to the Commission, and if it needs to divest some stations, it will do that. One reported suitor? Rupert Murdoch of 21st Century Fox. Tribune owns 42 TV stations – plus the Chicago talk radio station WGN/720.

They can keep on pausing forever as far as Chicago viewers are concerned.