Wednesday, July 18, 2018

Murdoch Scores Another Win as Rival Sinclair Deal Imperiled -- Bloomberg

There can be only one true "Trump TV..."
"Things in Washington just keep going Rupert Murdoch’s way.

The 21st Century Fox Inc. chairman stands to be a big winner after rival Sinclair Broadcast Group Inc.’s plan to buy Tribune Media Co. was thrown into jeopardy on Monday. Ajit Pai, the chairman of the Federal Communications Commission, questioned the legality of the deal and proposed a hearing that could kill it.

The sudden setback for Sinclair is the latest evidence of Murdoch enjoying a hot streak in the nation’s capital. Since the 2016 presidential election, the billionaire has forged close ties with President Donald Trump. The president’s administration has recently made a series of decisions that could benefit Fox’s business or thwart its competitors. A spokesperson for Fox declined to comment."
Murdoch Scores Another Win as Rival Sinclair Deal Imperiled -- Bloomberg

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