The FCC should scrutinize recent large broadcast transactions...
The FCC should scrutinize recent large broadcast transactions -- including some involving Sinclair, Tribune and Media General -- to determine how they will affect ownership diversity in the industry, wrote the National Association of Black Owned Broadcasters to acting Chairwoman…
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Mignon Clyburn(http://bit.ly/18MU281). “The television trading market has become red-hot, but virtually no African American or other minority owned companies are showing up as buyers in the television trading frenzy.” Monday’s letter included a list of several transactions for the commission to look into, including Gannet’s purchase of 20 TV stations from Belo, Tribune’s buy of 19 TV stations from Local, and Sinclair’s buys of TV stations from Fisher, Titan, Barrington and Allbritton. “These transactions will clearly exacerbate the dearth of minority owners in the industry,” said NABOB. “The Commission must adopt meaningful policies in this proceeding to turn back the tide that is sweeping away minority ownership in the broadcast industry."