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http://www.reuters.com/article/us-tribune-media-m-a-sinclair-idUSKBN1841HR
U.S. broadcaster Sinclair Broadcast Group Inc said on Monday it would buy Tribune Media Co, one of the largest U.S. television station operators, for about $3.9 billion cash and stock, and assume about $2.7 billion in debt.
[...] The announcement of the deal comes weeks after the U.S. Federal Communications Commission voted to reverse a 2016 decision that limits broadcasters owning stations serving no more than 39 percent of U.S. television households.
A combined Tribune and Sinclair could surpass this cap and face some regulatory challenges which could result in divestitures, analysts said.
Tribune Media. The newspaper assets were spun off years ago into Tribune Publishing, aka Tronc.
Related: Gannett Ends Pursuit of Rival Newspaper Publisher Tronc
(Score: 0) by Anonymous Coward on Wednesday May 10 2017, @04:17AM (1 child)
How outrageous. Why next thing you know, they'll be secretly handing Trump the answers to the next debate!
(Score: 2) by butthurt on Wednesday May 10 2017, @05:18AM
You mean to imply, I assume, that CNN is hypocritical for suggesting a quid pro quo because this happened:
In a statement, CNN spokeswoman Lauren Pratapas said that on Oct. 14, the network accepted Brazile’s resignation.
“On October 14th, CNN accepted Donna Brazile’s resignation as a CNN contributor. [Her deal had previously been suspended in July when she became the interim head of the DNC.] CNN never gave Brazile access to any questions, prep material, attendee list, background information or meetings in advance of a town hall or debate. We are completely uncomfortable with what we have learned about her interactions with the Clinton campaign while she was a CNN contributor,” Pratapas said.
-- http://www.politico.com/blogs/on-media/2016/10/cnn-severs-ties-with-donna-brazile-230534 [politico.com]
Sometimes an employer will invite an unwanted employee to resign. The phrase "completely uncomfortable" suggests to me that that happened with CNN and Ms. Brazile. Feel free to assume otherwise: the CNN story cites Politico. Perhaps you'll recall something Politico did to discredit itself in your eyes? From the Politico story:
Kushner highlighted that Sinclair, in states like Ohio, reaches a much wider audience — around 250,000 listeners — than networks like CNN, which reach somewhere around 30,000.
This deal is setting up Sinclair to reach an even bigger audience.