Sinclair Broadcast Group

Sinclair-Tribune merger faces roadblock as court puts hold on FCC station ownership rule

Sinclair-Tribune merger faces roadblock as court puts hold on FCC station ownership rule

A federal appeals court put on hold the FCC's plans to restore a key media ownership rule that allowed major station groups to expand through mergers and acquisitions. The ruling could prove to be a roadblock to Sinclair Broadcast Group's pending $3.9 billion acquisition of Tribune Media TV stations.

The D.C. Circuit Court of Appeals issued a stay to the FCC's decision in April to restore the so-called UHF discount, which has allowed major media companies to exceed restrictions on the number of stations that they can own. The court said that the stay will give them an opportunity to review...

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