Howard Stirk Holdings Asks FCC to Approve Sinclair/Tribune
Sinclair's buying Tribune is "a historic opportunity to advance minority ownership and diversity,” said minority-owned broadcaster Howard Stirk Holdings in a letter posted Wednesday in FCC docket 17-179. Howard Stirk is affiliated with Sinclair and has sharing arrangements with the…
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broadcaster. Divestitures from the deal that may be required by DOJ or the FCC could provide ownership opportunities for prospective minority owners, the smaller company said. “It is critically important, however, that the Commission appreciate this unique opportunity and make clear that it would expeditiously review for approval any spin-off assignment to a minority owned entity.” Shared service agreements and joint sales agreements help minority broadcasters get access to capital, the filing said: The FCC “should do all it can” to insure the deal happens and “remove any impediments which might derail this."