Regulators reviewingSinclair Broadcast Group Inc.’sproposedpurchaseof Tribune Media Co. set a schedule that may expose the transaction to a potentially fatal court ruling.
TheFederal Communications Commissionin a notice May 21 requested comments through July 20 on the $3.9 billion deal that would leave Sinclair with more than 200 stations, brushing against a national media-ownership limit.
That won’t be a problem if an FCC rule is upheld that lets it count just half of some stations’ audience when judging compliance with the ownership limit. But a court that is considering a challenge to the rule could ...
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