Deals
FCC Eyes Vote on Ownership Rules Key to Sinclair Deal
- Chairman Pai said to be readying proposal for July meeting
- Action would come before court verdict affecting Tribune deal
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The Federal Communications Commission’s chairman is said to be planning a vote next month on limits to how many TV stations a company can own, rules he has said are too restrictive and that could factor into Sinclair Broadcast Group Inc.’s planned purchase of Tribune Media Co.
FCC Chairman Ajit Pai is poised to schedule a July 12 vote on altering rules that cap broadcasters’ reach at 39 percent of the national audience, according to two people briefed on the plan, who who spoke on condition of anonymity because the proposal hasn’t been made public.