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President Trump criticizes FCC's quashing of Sinclair-Tribune merger; stocks rally

July 25, 2018

Via: USA TODAY

President Donald Trump is not pleased with the Federal Communication Commission’s  move to delay Sinclair Broadcasting Group’s nearly $4 billion bid for Tribune Media’s 42 TV stations to a judge.

Last week, the commission voted unanimously to send the deal to an administrative law judge to review the transaction after FCC Chairman Ajit Pai said he had “serious concerns” that Sinclair could unlawfully continue to control some stations it divested to achieve the deal’s approval.

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