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Sinclair's 'misrepresentation' in WGN sale to connected auto dealer derailed Tribune Media acquisition, FCC says

Sinclair's 'misrepresentation' in WGN sale to connected auto dealer derailed Tribune Media acquisition, FCC says

A Federal Communications Commission order Thursday said Sinclair Broadcast Group’s “misrepresentation or lack of candor” in its since-withdrawn agreement to sell WGN-TV to a Maryland auto dealer was a major factor in derailing the proposed $3.9 billion acquisition of Tribune Media.

Calling it an attempt to “skirt the Commission’s broadcast ownership rules,” the FCC said granting the Sinclair-Tribune Media merger — a deal that would create the largest TV station group in the U.S., with 233 stations — “would not be in the public interest.”

The February agreement to sell Chicago's WGN-Ch. 9 for $60 million to a newly formed company headed by Steven Fader, a longtime business...

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