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FCC approves Nexstar’s $6.4 billion acquisition of Tribune Media
The long, drawn out saga over Tribune Media Company's fate could soon come to an end. Today, the Federal Communications Commission (FCC) approved the sale of Tribune to Nexstar Media Group. The $6.4 billion deal will create the nation's largest local TV broadcaster and local media company, Nexstar said previously.
Malware stalls delivery of LA Times and other major US newspapers
If you still look forward to reading a physical newspaper now and then, you might have been in for a rude surprise this weekend. An unspecified malware strain has attacked Tribune Publishing's network, delaying the release of Saturday editions of at least some of its papers (including the LA Times, San Diego Union Tribune and South Florida Sun Sentinel) as well as West Coast versions of the New York Times and Wall Street Journal, both of which are printed at the LA Times' Los Angeles plant. It was particularly severe for San Diego residents -- between 85 to 90 percent of Saturday papers didn't reach customers.
Nexstar is set to acquire Tribune Media (update: official)
Like it or not, American media consolidation could still be on the way in the wake of Sinclair's failed bid for Tribune Media. Reuters sources claim broadcasting giant Nexstar Media Group has reached a deal to buy Tribune for about $4.1 billion. The deal could be announced by December 3rd, the insiders said. Tribune declined to comment, while Nexstar hasn't commented as of this writing.
Sinclair countersues Tribune Media after failed acquisition
Looks like we won't be hearing the end of that Sinclair and Tribune Media drama anytime soon, even though the merger is no longer happening. Sinclair is now counter-suing Tribune Media, accusing the company of trying to profit off of an unfortunate turn of events. The suit claims that the companies were working together, as partners, every step of the way, and Tribune's lawsuit "reflects a deliberate effort to exploit and capitalize on an unfavorable and unexpected reaction from the FCC to capture a windfall for Tribune."
FCC investigator says Pai didn't give Sinclair preferential treatment
More than a few people thought FCC Chairman Ajit Pai was acting suspiciously ahead of the failed Sinclair-Tribune merger. The regulator's Office of the Inspector General, however, would beg to differ. The watchdog has published a report determining that Pai hadn't shown "favoritism" or other forms of shady dealing in his decisions around the abandoned takeover. Pai's choices, such as relaxing media ownership limitations, were "consistent" with his public statements, according to the report. Moreover, Pai's punishments for Sinclair (including a $13.3 million fine and the decision to kill the merger) suggested to the Inspector General that the Chairman was being fair.
FCC vote likely dooms Sinclair-Tribune merger
The FCC has voted to send the proposed sale of Tribune Media properties to Sinclair to a hearing, effectively hammering the second-to-last nail in the coffin on the buyout. The agency's commissioners unanimously agreed on a Hearing Designation Order (HDO), which re fers the matter to a judge -- at which point mergers usually die.
FCC has 'serious concerns' about Sinclair merger it helped engineer
Sinclair's attempt to buy Tribune Media has raised many concerns in the past year, and not just among advocates concerned about its partisan message and potential for media dominance. The broadcasting giant has revamped its deal several times in a bid to win the hearts of regulators, with its latest proposal offloading 21 stations. However, it looks like the buyout may effectively be dead. FCC Chairman Ajit Pai has produced a draft order that would send disputes over these stations to an administrative law judge, a process that many see as fatal to would-be mergers.
FCC repeals restrictions on consolidation of media companies
Today, the Federal Communications Commission (FCC) repealed a handful of rules that it said were keeping the media industry out of the digital age, the Washington Post reports. The decades-old regulations were implemented in order to keep a diversity of perspectives within print, radio, and televised media outlets, but FCC Chairman Ajit Pai says they're out of date and don't reflect the current media landscape. "Few of the FCC's rules are staler than our broadcast ownership regulations," he said. "This agency finally drags its broadcast ownership rules to the digital age."
Sinclair buys Tribune Media to create a larger TV empire
It didn't take long for the rumors to come true. Sinclair Broadcast Group has confirmed that it's acquiring Tribune Media for $3.9 billion. The deal is the largest in Sinclair's history, and will add Tribune's 42 American TV stations to Sinclair's 173 -- that's a lot of broadcasters under one banner. The deal also gives it the cable channel WGN America, the digital network Antenna TV and small stakes in both Food Network as well as the internet job site CareerBuilder. However, it's not just about the immediate media expansion that matters. According to Sinclair, it's also about a long-term technological play.
The TV industry just edged closer to a giant merger
All that talk of major TV media buyouts just got more substantive. Reuters tipsters claim that Sinclair Broadcast Group, not 20th Century Fox as many suspected, is close to a deal to buy TV giant Tribune Media. Negotiations are reportedly still underway and might not pan out, but there's now a clear front runner. In fact, the sources maintain that Fox didn't even submit a bid -- so much for that talk of wanting more control over distributing media.
Some Dish subscribers will miss NBA and NHL playoff games
There's bad news for some folks hoping to catch the NBA or NHL finals today. The Tribune network, which owns WGN and affiliates for FOX, CBS and other networks, is no longer available on Dish. As usual with such disputes (which often involve Dish), the reason for the blackout is money. Tribune says that Dish "refuses to reach an agreement based on fair-market value" for its stations, while Dish says "Tribune is demanding an unreasonable rate increase for channels that are available for free over the air."
Journalist found guilty of assisting Anonymous hacks
Former Reuters journalist Matthew Keys was arrested back in 2013 over claims that he'd helped the activist group Anonymous compromise and deface the LA Times by handing over login information. He has denied the allegations (he was supposedly trying to get a story about Anonymous), but that didn't hold water in court: a jury has found Keys guilty of hacking-related charges. The conviction could theoretically put Keys in prison for up to 25 years when sentencing takes place in January, although officials say that they'll likely seek less than 5 years given that this wasn't the "crime of the century."
Tribune stations nationwide including WGN America go dark on DirecTV
In the latest round of disputes between pay-TV providers and networks over the millions of dollars we, the customers, are paying for service, Tribune Broadcasting Company (owner of several different broadcast networks nationwide including WGN America -- list follows after the break) and DirecTV are going at it. As a result, the 23 broadcast networks under Tribune's umbrella are no longer available on the satellite service, and there's no indication when they'll be coming back. Oddly, DirecTV claimed Thursday it had accepted Tribune's terms, before the Tribune Company stated no deal had been reached. Now both sides are accusing the other of misleading viewers but no matter who is responsible the facts remain the same -- until they settle things you'll need to get those channels some other way.
Report: Tribune wants to build its own tablet
CNN reports that newspaper and broadcast company Tribune wants to build a tablet for subscribers to access properties like the Los Angeles Times and The Baltimore Sun. The tablet will be based on Android and offered for free or at a heavily subsidized price. Tribune hasn't made a lot of great decisions in the past couple of years, and this smells like another bad one. Some of the very customers that would be interested in Tribune's potential hardware offering likely have a tablet already, and the odds are good that the tablet they have is an iPad. Does Tribune expect people to carry around two tablets, one for reading a Tribune paper and one for everything else? Or maybe the Tribune tablet will just be a branded Android tablet... but last time I looked those aren't selling too well. By the way, how is the RIM PlayBook doing? Or the Crunchpad? Enjoying those Microsoft tablets? Distributing a newspaper through the App Store may not be a palatable option for publishers because of the high toll Apple takes, but trying to produce your own hardware when so many others have failed seems a heck of a lot riskier. I think competition is great, and Apple needs some. But the grim reality is that, so far at least, no one has produced a tablet that matches the experience and price of the iPad. We've seen magazines and newspapers try to meet the digital challenge a number of ways. The New York Times lost a lot of subscribers when it put up a pay-wall, but it has had some modest success by still letting non-subscribers get access to limited amounts of news. The Daily from News Corp. appears to be a failure so far, but there is still a lot of room to experiment with what works and what doesn't. And note that all of those experiments are running on the iPad, not dedicated, poorly-selling hardware. I'd put Tribune building its own tablet in the latter category, but maybe I'm short sighted and naive. What do you think about the Tribune plan?
Tribune's Mosaic app brings elegant media aggregation to Windows 7 tablets, soon to Windows Phone 7
Tribune is hardly the first media monolith to try something like this, but the more the merrier, right? And for once, a company's out to provide an elegant, useful news aggregator for a platform not named iOS. Mosaic is a fresh piece of software, designed to pull together news and information from all sorts of sources onto Windows 7-based tablets. At least, that's what we're guessing. According to the official press release, it'll be available for use "with Microsoft's Windows 7 Mobile-based tablets" starting on January 31st, and unless the folks in Redmond have yet another OS up their sleeve, we're guessing they simply mean Win7 slates. Furthermore, a companion app for Windows Phone 7, iPad and Android will be following shortly, and it sure sounds as if both versions will be completely gratis.
