WASHINGTON (Reuters) – Sinclair Broadcast Group has agreed to pay a $48 million fine to the Federal Communications Commission (FCC) resolving the probe into the company’s abandoned deal to buy Tribune Media in what the agency said was its largest-ever civil penalty.
FILE PHOTO: The Federal Communications Commission (FCC) logo is seen in Washington February 26, 2015. REUTERS/Yuri Gripas/File Photo
Sinclair Chief Executive Chris Ripley said in a statement on Wednesday the company was pleased with the resolution.
“Sinclair is committed to continue to interact constructively with all of its regulators to ensure full compliance with applicable laws, rules and regulations,” said Ripley, who is the company’s president.
In June 2019, the FCC disclosed it had opened a new investigation into whether Sinclair engaged in misrepresentations or a