Sinclair Broadcasting will pay the largest civil penalty involving a broadcaster in the Federal Communications Commission's history
The FCC said in a news release Wednesday that Sinclair agreed to pay $48 million, as well as"abide by a strict compliance plan in order to close three open investigations."Those investigations include Sinclair's disclosure of information with regard to its ill-fated acquisition attempt of Tribune Media stations in 2018. That deal — valued at $3.
"Read MoreIn the news release, the FCC said that Sinclair admitted to violating the FCC's sponsorship identification rules.FCC Chairman Ajit Pai said Wednesday that Sinclair's conduct during its attempt to merge with Tribune was"completely unacceptable.""Today's penalty, along with the failure of the Sinclair/Tribune transaction, should serve as a cautionary tale to other licensees seeking Commission approval of a transaction in the future," he said.
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