BREAKING NEWS: FCC sends Sinclair mega-deal to likely doom

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FCC Chairman Ajit Pai said Monday he has "serious concerns" about Sinclair Broadcast Group's acquisition of Tribune Media, saying he would send the transaction through a lengthy administrative process often viewed as a deal-killer.

As originally proposed, the $3.9 billion deal would see conservative-leaning Sinclair, already the largest U.S. TV station owner, gobble up 42 Tribune stations in key markets like New York and Chicago, adding to its existing footprint of more than 170 stations.

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