Tribune Says Works With FCC To Explore Ways To Address Concerns On Sinclair Deal

(RTTNews) - Tribune Media Co. (TRCO) said that it is studying the July 16, 2018 statement by Federal Communications Commission or "FCC" Chairman Ajit Pai regarding the Company's pending acquisition by Sinclair Broadcast Group, Inc.

Tribune Media said it was disappointed to learn that the Chairman had circulated an order designating certain issues for consideration by an Administrative Law Judge. It will review the FCC's hearing designation order when released and expects to work with the FCC to explore ways to address the concerns identified.

Tribune Media said, "Until we have reviewed the order it is difficult to explain the potential issues it might create for the transaction. Fortunately, Tribune's operations have been strong in 2018 and our team has done a terrific job of maximizing the value of the business through this extended regulatory approval process."