FCC pauses review of Sinclair's plan to buy Tribune Media Co
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FILE PHOTO: The Federal Communications Commission (FCC) logo is seen before the FCC Net Neutrality hearing in Washington February 26, 2015. The FCC is expected Thursday to approve Chairman Tom Wheeler's proposed "net neutrality" rules, regulating broadband providers more heavily than in the past and restricting their power to control download speeds on the web. REUTERS/Yuri Gripas/File Photo
WASHINGTON (Reuters) - The Federal Communications Commission said on Thursday that it was pausing its review of Sinclair Broadcast Group Inc’s (SBGI.O) plan to buy Tribune Media Company (TRCO.N).
The agency said that its review would entail evaluating Sinclair’s offer of divestitures, and that because the agency would need an opportunity “to fully review them,” it paused its informal 180-day transaction clock.
Rupert Murdoch-controlled Twenty-First Century Fox Inc (FOXA.O) is in talks to buy about 10 television stations from Sinclair as part of the divestiture, two sources familiar with the situation told Reuters this week.