FCC has enough votes for Sinclair draft order: official
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Chairman Ajit Pai speaks ahead of the vote on the repeal of so called net neutrality rules at the Federal Communications Commission in Washington, U.S., December 14, 2017. REUTERS/Aaron P. Bernstein
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Dividend Yield: 7%
Revenue Growth %: +12.9%
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WASHINGTON (Reuters) - The Federal Communications Commission has the three votes needed to approve a draft order sending Sinclair Broadcast Group Inc's (NASDAQ: SBGI) proposed $3.9 billion acquisition of Tribune Media Co (NYSE: TRCO) to an administrative hearing, an official said on Monday.
FCC Chairman Ajit Pai said on Monday he has "serious concerns" about the planned deal.
(Reporting by Diane Bartz; Editing by Susan Thomas)
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