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.Read More »
HUNT VALLEY, Md. — Sinclair Broadcast Group Inc. (SBGI) on Wednesday reported first-quarter profit of $21.7 million. On a per-share basis, the Hunt Valley, Maryland-based company said it had net income of 23 cents. Earnings, adjusted for non-recurring costs, were ...
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Sinclair Broadcasting's proposed $3.9 billion acquisition of Tribune Media has raised "serious concerns" at the Federal Communications Commission about the amount of control the combined company would have over the U.S. television market, said Ajit Pai, the agency's chairman.Read More »
The Federal Communications Commission faced skeptical questioning from judges about a rule change that made way for Sinclair Broadcast Group's proposed acquisition of Tribune Media Co., raising the possibility of turmoil for the $3.9 billion deal.Read More »