Conservative TV Giant Poised To Take Over Tribune Media
The Federal Communication Commission’s bombshell decision to repeal net neutrality wasn’t the commission’s only big ruling on Friday. The FCC also said it would fine Sinclair Broadcast Group $13.3 million because it did not disclose that some paid programming was funded by a cancer institute.
Some of the content was commercials that would be easily mistaken for news stories. The decision comes as Sinclair seeks to acquire Tribune Media for $3.9 billion, a deal that brought scrutiny over whether it would violate anti-trust statutes. Sinclair owns 173 local TV stations nationwide. Tribune Media owns 42, including many in large markets, including Chicago. The Wall Street Journal reported Friday that the Justice Department is likely to approve the deal pending final approval from the FCC. So, what does all of this mean for Tribune Media and local TV consumers here in Chicagoland and around the nation?
Morning Shift talks to Washington Post tech reporter Brian Fung, who has covered the FCC’s recent rulings and has been keeping an eye on Sinclair.