Newsmax CEO Chris Ruddy met with Federal Comunications Commission (FCC) chair Ajit Pai last week to urge the FCC not to rush a decision on the US$3.9 billion merger of Sinclair Broadcasting and Tribune Media, saying to do so gave the impression of impropriety. Ruddy has expressed numerous concerns about that deal and his conservative news network is on the record in opposition to the deal.
Ruddy suggested the FCC was rushing a decision before the ownership cap was thoroughly vetted, according to an ex parte filing on the meeting obtained by B&C. Pai and fellow Republican Michael O’Rielly voted to reinstate the UHF discount, which helps Sinclair, saying that the FCC would consider it again as part of a broader look at the 39% ownership cap.
Ruddy told Pai it appeared that Sinclair and Tribune had foreknowledge of the UHF discount decision and challenged Pai’s suggestion the 39% cap is less relevant because of technology. He also said the broadcast market is not competitive because of the limits on spectrum and significant barriers to entry, among other things.
Pai has told concerned congressional Democrats that the deal-vetting was on a similar timetable as other mergers and that there was nothing untoward about the review or FCC staffers’ contacts with Sinclair.
Full Content: FTV Live
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Meta Begins Defense After FTC Concludes Case in Landmark Antitrust Trial
May 15, 2025 by
CPI
UK Data Bill Still No Closer to Passage As Parliamentary ‘Ping-Pong’ Drags On
May 15, 2025 by
CPI
Regeneron Pharmaceuticals Awarded $271.2M in Damages Against Amgen
May 15, 2025 by
CPI
FTC Chair Proposes 15% Staff Reduction Amid Budget Constraints
May 15, 2025 by
CPI
UK Urges Antitrust Watchdog to Prioritize Growth and Clarity in Business Regulation
May 15, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Healthcare Antitrust
May 14, 2025 by
CPI
Healthcare & Antitrust: What to Expect in the New Trump Administration
May 14, 2025 by
Nana Wilberforce, John W O'Toole & Sarah Pugh
Patent Gaming and Disparagement: Commission Fines Teva For Improperly Protecting Its Blockbuster Medicine
May 14, 2025 by
Blaž Višnar, Boris Andrejaš, Apostolos Baltzopoulos, Rieke Kaup, Laura Nistor & Gianluca Vassallo
Strategic Alliances in the Pharma Sector: An EU Competition Law Perspective
May 14, 2025 by
Christian Ritz & Benedikt Weiss
Monopsony Power in the Hospital Labor Market
May 14, 2025 by
Kevin E. Pflum & Christian Salas