Tribune calls off $3.9 billion Sinclair media deal
Aug 10, 2018, 01:05
Approval of the merger was widely considered inevitable because Trump's FCC chairman, Ajit Pai, is notoriously anti-regulation and pro-merger, and had rolled back ownership rules for broadcast media companies a year ago in a manner that seemingly paved the way for the deal.
"In light of (the FCC order), this transaction can not be completed within an acceptable time frame, if ever", Kern said.
The deal's termination, which scuppers Sinclair's efforts to dramatically expand, comes after criticism by Democrats and public advocacy groups over whether the merger was in the public interest. "Accordingly, we have exercised our right to terminate the Merger Agreement, and, by way of our lawsuit, intend to hold Sinclair accountable", he added.
NASA announces crew for first commercial space flights
He is a colonel in the Air Force, where he was a flight test engineer before being selected as a NASA astronaut in 2009. Josh Cassada: Coming to NASA after a career as a test pilot in the Navy, Cassada was chosen as an astronaut in 2013.
"The collapse of the merger is great news for dozens of local communities that will be spared Sinclair's slanted coverage and ridiculous must-runs.", said Craig Aaron, CEO of Free Press, referring to commentary segments produced at the corporate level that Sinclair requires its stations to broadcast.
"Instead, in an effort to maintain control over stations it was obligated to sell, Sinclair engaged in unnecessarily aggressive and protracted negotiations with the Department of Justice and the Federal Communications Commission (the "FCC") over regulatory requirements, refused to sell stations in the markets as required to obtain approval, and proposed aggressive divestment structures and related-party sales that were either rejected outright or posed a high risk of rejection and delay-all in derogation of Sinclair's contractual obligations".
The company, the largest owner of local television stations in the United States, has drawn attention recently for repeating claims by U.S President Donald Trump that traditional television and print publications offer "fake" or biased news.
China says there will be 'no winner' in global trade war
Chinese President Xi Jinping called on Brazil, Russia, India, China and South Africa (BRICS) to reject protectionism. As the member hardest-hit by Trump's trade moves, China is looking to diversify its trade ties to mitigate fallout.
Sinclair already has 173 stations around the country, including KENV in Salt Lake City, KOMO in Seattle and WKRC in Cincinnati.
On Thursday, Kern said the FCC order, which has been the death knell for previous media mergers, was the final straw for Tribune Media.
Ted Rouse, a Chicago-based partner with Bain & Company specializing in mergers and acquisitions, said it may be hard for Tribune Media to return to business as usual after 15 months in limbo.
Tekashi 6ix9ine Reportedly Pistol Whipped, Robbed And Kidnapped
Tekashi 6ix9ine was hanging out at an infamous Queens strip club before he got held up this weekend, The New York Post reported. Kennedy Airport on a warrant for charges out of Texas related to an altercation at a shopping mall in Houston back in January.
"The evidence we've received suggests that certain station divestitures that have been proposed to the FCC would allow Sinclair to control those stations in practice, even if not in name, in violation of the law", Pai said. It could have had a new show on WGN America or had an existing show moved there.
Former UK Independence Party leader Nigel Farage tweeted that Jones was " the victim today of collusion by the big tech giants ". At least, that's what his lawyer told a judge when Jones was embroiled in a custody battle with his ex-wife a year ago .
The videos that led Facebook to impose the short posting ban are believed to be the same ones that led YouTube to act. His temporary ban from Facebook means he can't post content on any page for which he's an administrator.
The temperature in metropolitan Tokyo Monday hit 105.4 degrees in the western city of Ome, the Japan Meteorological Agency said . That broke the previous record of 41.0 C in Ekawasaki on the island of Shikoku on August 12, 2013.
Last year's telecast hit an all-time low in ratings with just 26.5 million viewers, a drop of 20% from the previous year. In a tweet Wednesday morning, the Academy announced it's planning a new category "around achievement in popular film ".
Musk on Tuesday proposed taking Tesla private at $420 a share, about 11% higher than the day's closing stock price. The Tesla board responded to the proposal earlier Wednesday morning, indicating that it is evaluating things.
Over 4,300 personnel assigned to the blaze have carved containment lines around 37 percent of the perimeter of the blaze. The fire has destroyed more than 1,000 structures and damaged almost 200 others.
But many experts say those are neither irrevocable nor serious steps that could show the country is honest about denuclearization. But they did not agree on details, which will be further discussed through working-level talks, the ministry said.
Dinah Kirgo shared a similar story in which Moonves feigned interest in a business meeting only to pursue a dinner with her alone. In it, she wrote: "Leslie is a good man and a loving father, devoted husband and inspiring corporate leader".
Pence warned if Turkey did not take "immediate action" to free Brunson, the US would move to impose "significant" sanctions. On Wednesday, Brunson was escorted out of prison in the coastal city of Izmir, and left in a convoy of cars.
A little known fact about Schwartz is that he was also credited under "Vocal Consultants" in Star Wars: The Force Awakens' BB-8. The Sonic movie is being directed by Jeff Fowler , whose 2005 animated movie Gopher Broke was nominated for an Oscar.
Canada has said it is "gravely concerned" about the arrests and has called for those detained to be released immediately. Her brother Mr Badawi was sentenced to 10 years in prison and 1,000 lashes for "insulting Islam" online back in 2014.
Of course, Meghan Markle was there to cheer on her husband, choosing a denim Carolina Herrera dress for the occasion. After his team won by 5-4, Meghan presented the trophy to her husband and team captain Nacho Figueras .
How Mendocino Complex became California's monster fire
It killed two people, including a firefighter, and destroyed more than 1,000 buildings before being fully contained on January 12. Several thousand people have been evacuated , although some have been given permission in recent days to return to their homes.
Android Pie Is Here, Promising Smarter, Simplified Interface
App actions is also a core part of this release that tries to predict what you will do next and display that action on the screen. The date is hardly a surprise since both the original Pixel and the Pixel 2 were also unveiled on October 4 of 2016 and 2017.
China appeals for US calm after new tariff threat
Last month, the US proposed 10 percent tariffs on another $200 billion in Chinese products, a response to China's retaliation. The United States slapped duties on $34 billion worth of Chinese goods, provoking a similar response from China.
Smoking banned in all public housing
The ban does not apply to e-cigarettes, snuff and chewing tobacco, although there may be restrictions on those in some areas. The rule will be part of leases, and residents will be required to sign amendments agreeing to abide by the ban.
Thomas effectively seals 1st Tour de France title
Stage victor Dumoulin said: "It's an incredible day". "It's just to wait for somebody to make a mistake". "Now, up here, being in the yellow jersey in front of all of you (the crowd) is just. wow".
Liquid water ‘lake’ revealed in mars
However, the presence of liquid water at the base of Martian polar caps was first hypothesized in a study 31 years ago. What they believe to be a lake sits beneath the Red Planet's south polar ice cap, and is about 20km across.