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Federal Communications Commission Denies Motion for Extension and Additional Information in Sinclair-Tribune Merger
BALTIMORE, Aug. 7, 2017 /PRNewswire/ -- On August 3, 2017, the Federal Communications Commission ("FCC") issued an Order denying a Motion for Additional Information and Documents and Extension of Time filed by DISH Network, LLC ("Dish"), American Cable Association ("ACA") and Public Knowledge (together the "Movants") related to the Public Notice seeking comment on the joint applications of Tribune Media Company ("Tribune") (NYSE: TRCO) and Sinclair Broadcast Group ("Sinclair") (Nasdaq: SBGI) related to Sinclair's pending acquisition of Tribune.
The FCC dismissed and denied the Motion of the Movants. Pursuant to the Order, the FCC agreed that there was no justification to extend the petition to deny period, the additional confidential information requested was not needed to file a petition to deny, and it was premature to extend the reply period before petitions to deny or oppositions have even been filed. The FCC action does not mean that the Movants cannot file against the deal and it is expected that they will.
Sinclair is one of the largest and most diversified television broadcasting companies in the country. Pro forma for all pending and previously announced transactions, the Company will own, operate and/or provide services to 233 television stations in 108 markets. The Company has multiple emerging networks as well as being affiliated with all the major networks. Sinclair is a leading local news provider in the country and a producer of live sports content. Sinclair's content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.
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SOURCE Sinclair Broadcast Group
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