It says it “expects to work with the FCC to explore ways to address the concerns identified,” adding that “until we have reviewed the order it is difficult to explain the potential issues it might create for the transaction.”
Tribune Media Co. announced Tuesday that it is studying the July 16 statement by FCC Chairman Ajit Pai on the company’s pending acquisition by Sinclair Broadcast Group, saying that he had evidence that Sinclair would “in practice, if not in name, control” stations that it had said it would divest to comply with the rules
And in light of that evidence, Pai said he had circulated an item to the other three commissioners asking for their vote to hold an administrative hearing on Sinclair and the merger.
Tribune issued the following statement:
“Tribune Media was disappointed to learn that the chairman had circulated an order designating certain issues for consideration by an Administrative Law Judge. It will review the FCC’s hearing designation order when released and expects to work with the FCC to explore ways to address the concerns identified. Until we have reviewed the order it is difficult to explain the potential issues it might create for the transaction.
“Fortunately, Tribune’s operations have been strong in 2018 and our team has done a terrific job of maximizing the value of the business through this extended regulatory approval process.”