Read this: Behind the FCC s Intervention in a $985 Million Local TV Deal - Corporate Intelligence - WSJ
Summary: The TV business has been on a furious consolidation drive this year, with billions of dollars worth of mergers and acquisitions snapping up the companies that bring broadcast TV to local markets across the country. Sinclairs general counsel Barry Faber said the company was confident that we will be able to work out the issues raised in the FCCs letter and complete the transaction without any material impact. So what are the issues Opponents of these kind of arrangements say that not only can they be used to get around the spirit of rules designed to encourage diversity in the local TV market, but they can also harm the quality and variety of news available on local television. - blogs.wsj.comblogs.wsj.comBehind the FCC s Intervention in a $985 …
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