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FCC weakens limits on owning TV stations, easing Sinclair-Tribune deal

FCC weakens limits on owning TV stations, easing Sinclair-Tribune deal

Federal regulators rolled back a series of decades-old regulations Thursday in a move that will make it far easier for media outlets to be bought and sold — potentially leading to more television broadcasters, newspapers and radio stations being owned by a small handful of companies.

A major beneficiary of the deregulatory moves, analysts say, is Sinclair Broadcast Group Inc., the conservative broadcasting company seeking to buy Tribune Media Co. for $3.9 billion.

The regulations, eliminated in a 3-2 vote by the Federal Communications Commission, were initially put in place in the 1970s to ensure that a diversity of voices and opinions could be heard on the air and in print....

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