Deals
Sinclair Drops as Judges Question Rule Leading to Tribune Deal
- Judges question why agency restored rule on TV-audience count
- Court finding against rule could set up race for Tribune deal
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Sinclair Broadcast Group Inc. dropped after judges questioned a rule change that made way for the broadcaster’s proposed acquisition of Tribune Media Co., raising the possibility of turmoil for the $3.9 billion deal.
Judges at the U.S. Court of Appeals for the D.C. Circuit questioned why the Federal Communications Commission had reinstated a rule allowing owners of some TV stations to count just part of their audience when tallying holdings against a national limit of 39 percent.