The New York Post is reporting that the Sinclair Broadcasting Group appears ready to acquire all of Tribune Media Co.’s assets, which include a stake in the Food Network and WGN Cable network as well as 42 local TV stations nationwide.
“The talks have been going well. Sinclair expects to close soon,” a source close to the negotiations told The New York Post. “As soon as it gets the FCC thumbs-up, it’s a done deal.”
Now getting the thumbs up may be difficult because current FCC rules prevent any one company from owning too many stations and with a cap of 39% of US households; however, that rule has been under fire for many years even before the current FCC administration.
So what does this mean for cord cutters? We don’t know. A stronger network of over-the-air TV stations could give them more buying power against cable TV networks. What that would mean for cord cutters is anyone’s guess.
For now we will have to wait and see what happens.
Source: New York Post
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