Tribune Shareholders Vote Against the Interest of Tribune Employees, American Consumers
Today’s Vote to Move Forward with Sinclair Merger Directly Jeopardizes Jobs of Tribune Employees, Quality Local News Americans Trust
WASHINGTON, D.C. – One day after the FCC officially stopped the clock on the Sinclair-Tribune merger, Tribune Media shareholders voted to approve the merger. If the FCC allows the deal to go through, Sinclair would acquire Tribune’s 42 stations, and own or operate 215 stations throughout the U.S., establishing the largest local television news monopoly in American history and reaching into 72 percent of U.S. households.
“The fact is that this deal is a long way from closing. Just yesterday the FCC stopped their review as additional issues are addressed, the DOJ is in the midst of their own review, and opposition to the merger continues to grow by the day,” said Karl Frisch, executive director of Allied Progress.
He continued, “We believe that the merger fails to meet the FCC’s own rules and is not in the public’s interest. If approved, the deal will hurt Tribune’s employees whose jobs are at risk and consumers who will suffer from less competition, higher costs, and unreliable biased coverage.”
To speak with Karl Frisch about the Sinclair-Tribune merger, please contact Annette McDermott at 202-697-4804 or Annette@alliedprogress.org.
###