- The watch on Sinclair Broadcast Group's (SBGI -0.6%) buyout deal for Tribune Media (NYSE:TRCO) goes on with a deadline for the DOJ to oppose the deal moved to Feb. 11.
- In a filing, Sinclair told the SEC Feb. 6 that alongside a DOJ agreement, it had agreed not to consummate the merger before Jan. 30; parties have agreed to extend that until Feb. 11.
- Sinclair and Tribune also have to give 10 days' notice to DOJ that they intend to consummate the deal.
- Delays may have been due to a Third Circuit Court of Appeals case in which it looked at staying an effective date on FCC deregulation of station ownership (it decided not to stay those rules).
- The deal still needs a public-interest review from the FCC, one likely to succeed under the easier rules.
- Previously: Report: DOJ nears OK of $3.9B Sinclair-Tribune deal (Jan. 26 2018)
- Previously: FCC pauses review of Sinclair Broadcast-Tribune Media merger (Jan. 11 2018)
- Previously: Fox nears deal to buy 10 Sinclair stations (Jan. 10 2018)
- Now read: Central European Media Enterprises Ltd. 2017 Q4 - Results - Earnings Call Slides
Original article