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FCC chairman stands by Sinclair Tribune merger review decision

July 25, 2018 6:33 PM
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WASHINGTON (Reuters) - Federal Communications Commission Chairman Ajit Pai said on Wednesday he stands by the decision to refer Sinclair Broadcast Group Inc’s (SBGI.O) $3.9 billion proposed acquisition of Tribune Media Co (TRCO.N) for review by an administrative law judge despite critical comments from U.S. President Donald Trump.

Trump said in a tweet on Tuesday that it was “disgraceful” that the FCC “wouldn’t approve the Sinclair Broadcast merger with Tribune. This would have been a great and much needed Conservative voice for and of the People.”

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