Acknowledging the
rapidly changing competitive landscape, the FCC, in a split vote along party
lines (3-2), removed the long-standing ban on cross-ownership of a newspaper
and TV station in a major market and made it easier for media companies to own
multiple TV stations in the same market.
The changes should spawn consolidation deals among media outlets and
pave the way for Sinclair Broadcast Group’s $4 billion purchase of Tribune Media
Group. If this particular deal goes
through without divestitures, the combined firm would own 233 stations and
cover over 70 percent of the country.
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