Sinclair has entered into a consent decree with the Justice Department (DOJ) to “resolve” DOJ’s investigation into its sharing of information among “certain stations in some local markets.” But it will not have to pay any fine or suffer any penalty, the DOJ announced.
The DOJ has not filed the consent decree, but Sinclair stated it expected it to by Thursday, November 8.
Sinclair cited the decree in its third-quarter earnings statement. Companies are required to inform investors of regulatory or legal actions that could affect the company’s performance.
Sinclair pointed out that the settlement was not an admission of guilt and did not involve “any monetary damages or penalties.”
DOJ concerns about Sinclair’s inventory control in markets where it sought two stations resulted in Sinclair restructuring its deal to acquire Tribune Media, a takeover that ultimately failed.
Featured News
UK Government Approves Vodafone-Hutchison Merger
May 9, 2024 by
CPI
Senate Majority Leader Announces Plan for AI Regulation Framework
May 9, 2024 by
CPI
BBVA Initiates Aggressive Takeover Bid for Sabadell
May 9, 2024 by
CPI
TikTok to Label AI-Generated Content Amid Election Interference Concerns
May 9, 2024 by
CPI
Italy’s Antitrust Authority Imposes Heavy Fines on Car Rental Giants
May 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI