The Federal Trade Commission has signaled it has no problem with Sinclair buying the Four Points Media stations.
The deal was on an "early termination" list the FTC circulates of pre-merger filings it has given the green light.
Any deal over $66 million -- Sinclair is paying $200 million to Four Points' owner Cerberus Capital -- must be submitted to FTC and Justice for antitrust review. They divvy up the reviews and, if there are problems with anticomptitive issues, file suit to block or settle on conditions and divestitures with the parties involved. The early termination means that, as far as FTC and Justice are concerned, the deal is good to go.
It must also get FCC approval for the license transfers.
Sinclair is one of the biggest deals in what has been a depressed market for station sales.
The television industry's top news stories, analysis and blogs of the day.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.