Sinclair backs FCC review of national broadcast ownership cap

Sinclair, Inc. (Nasdaq: SBGI) issued a statement supporting the Federal Communications Commission's plan to consider changes to its national broadcast ownership cap at the agency's August Open Meeting.

Chris Ripley, President and CEO of Sinclair, said in a statement: "It should not be controversial to suggest that changed facts should lead to changed rules. We commend Chairman Carr for considering action to modernize the FCC's rules setting the national ownership cap – and for his continued leadership in looking at ways to preserve local news by taking proactive steps to empower local broadcasters."

The FCC's national ownership restrictions govern how many television stations a single company may own across the country. The rules have been a subject of debate in the broadcasting industry as streaming and digital media platforms have grown.

Sinclair owns, operates, or provides services to 177 television stations in 79 markets. The Baltimore-based company also owns Tennis Channel and several multicast networks.

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