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KM Financial Solutions | UPDATE 4-FCC raises concerns about Sinclair-Tribune deal; shares skid
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UPDATE 4-FCC raises concerns about Sinclair-Tribune deal; shares skid

16 Jul UPDATE 4-FCC raises concerns about Sinclair-Tribune deal; shares skid

Posted at 00:09h in News by
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Federal Communications
Commission Chairman Ajit Pai said on Monday he had “serious
concerns” about Sinclair Broadcast Group Inc’s proposed
$3.9 billion acquisition of Tribune Media Co, a
surprise move which could potentially scuttle the deal and sent
shares of both companies tumbling.

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