8 May 2017 — FAIR
This morning Sinclair Broadcast Group, the conservative media behemoth that owns more local news stations than any other company in the country, just got even bigger. It announced it was buying Tribune Media for $3.9 billion, creating what Bloomberg (5/8/17) calls a “TV goliath.”
The purchase, which gives Sinclair a staggering reach of nearly 69 percent of the US population (Free Press, 5/8/17), would’ve been in violation of ownership restrictions just weeks ago. But last month, the Trump-appointed FCC chair, Ajit Pai, reinstated the “UHF discount,” an outdated loophole that allowed media conglomerates to exceed the nation’s 39 percent cap on ownership (New York Post, 4/20/17). Sinclair made a $420 million deal to buy Bonten Media Group (Baltimore Sun, 4/21/17) the very next day.
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