Sinclair Broadcast Group, the second-largest television station operator, is going to be paying a hefty $48 million for an FCC fine, wrapping up the commission’s probe into the company’s now-abandoned deal to buy Tribune Media. Twice the amount of the prior record for broadcast, this is now Sinclair’s largest civil penalty ever.
The initial probe began in June 2019 when the FCC claimed Sinclair was misrepresenting or lacking in candor during negotiations for the $3.9 billion Tribune Media deal.
On this Business Casual segment, hosts Daniel Litwin and Tyler Kern pull from their experience in broadcast media and give thoughts on the business decisions fueling legacy media growth today, and why it’s leading to botched deals.
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