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Sinclair Broadcasting Group Inc. (NASDAQ: SBGI) will pay a civil penalty of $48 million to settle federal investigations into its failed attempt to take over Tribune Media Co.What Happened The ...
The attempted acquisition of Tribune Media by Sinclair Broadcast Group was a proposed broadcast media transaction between Sinclair Broadcast Group and Tribune Media. Formally announced on May 8, 2017, the $3.9 billion deal would have resulted in Sinclair owning—or having operational control over—stations available in 72% of all households ...
Sinclair Television Group, Inc. is a subsidiary of Sinclair Broadcast Group that owns television stations in mid-sized markets. [44] In June 2015, Sinclair TV Group, Inc. formed Tornante-Sinclair LLC, a TV production company, with Michael Eisner's Tornante Co. With MGM on October 31, 2015, Comet was launched as a sci-fi broadcast subchannel ...
On August 25, 2015, Dish Network dropped 129 stations in 79 markets owned and/or operated by Sinclair Broadcast Group, in what has been called the largest single blackout in pay-TV history. [80] Dish claims that Sinclair is strong-arming them into carrying a cable network Sinclair is looking to acquire in addition to the local stations.
Shares in Sinclair Broadcast Group Inc fell by 1.6% after the U.S. Federal Communications Commission disclosed it has opened an investigation into whether the company misled the agency in its ...
Twelve U.S. senators on Thursday asked the Federal Communications Commission to investigate Sinclair Broadcasting for 'deliberately distorting news.'
Sinclair Broadcasting Group will update its divesture plan in an effort to appease U.S. regulators, the company said on Wednesday as its $3.9 billion takeover of Tribune Media hangs in the balance ...
Glencairn, Ltd was an American company used by the Sinclair Broadcast Group to operate virtual duopolies during the 1990s when legal duopolies were not allowed by the Federal Communications Commission. The initial capital was supplied by Carolyn Smith, wife of Sinclair founder Julian Smith and mother of current Sinclair CEO David Smith. Carolyn ...