Deals
Slap at Sinclair Seen as Turnabout From Friendly FCC Chief
- Tribune transaction headed toward possibly lengthy hearing
- Shares for both companies plunge this week on news of review
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Sinclair Broadcast Group Inc. thought it had a friend in Ajit Pai when he was appointed to lead the U.S. Federal Communications Commission.
“We’re very optimistic about this new FCC and the leadership of Ajit Pai,” Chief Executive Officer Christopher Ripley told investors in February 2017.