WIRED BusinessWhy Sinclair's Bid to Buy the Tribune Company Might Die
Sinclair Broadcasting's proposed $3.9 billion takeover of the Tribune company, which would have expanded the conservative media company's footprint to nearly three-fourths of American households, suddenly appears in trouble. Today, Federal Communications Commission chair Ajit Pai effectively came out against the acquisition by proposing to refer it to a hearing with a judge. In theory, the deal could still go ahead if the judge finds no problems with the acquisition or if the decision is appealed.
