Sinclair fined $48 million over attempted Tribune acquisition

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May 6, 2020 at 6:43 pm #46176

Jeffrey Kopp
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The federal government has fined Sinclair Broadcasting Corp. $48 million, largely because of actions the TV broadcaster took in its failed attempt to acquire smaller rival Tribune Media.

Sinclair in 2017 proposed a $3.9 billion deal for Tribune’s TV stations, attempting to extend its reach into new markets. The deal fell apart that August, and another TV station owner, Nexstar, bought Chicago-based Tribune in 2019.

https://www.pbs.org/newshour/economy/tv-broadcaster-sinclair-fined-48-million-over-tribune-deal?fbclid=IwAR1wUI0QQ3zFqu7kRiuSB9y3a2FLetc7qw6PyuiHPqpArAbSAhkdZAHwt0s
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