Sinclair asked the FCC to grant its application...
Sinclair asked the FCC to grant its application to assign the license of WMMP-TV Charleston, S.C., to Howard Stirk Holdings (HSH). Sinclair would like the FCC to give clarity by ruling that the public interest would be served by waiving…
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the joint sales agreement attribution rule to permit HSH to acquire WMMP and WABM Birmingham, Ala., “and enter into sharing arrangements with Sinclair without causing such stations to be attributable to Sinclair,” Sinclair said in a letter to the commission (http://bit.ly/1kms0I2). Granting approval of the application concerning WMMP “would give all parties an opportunity to make an informed decision as to how to proceed with respect to the other stations,” it said. Sinclair hired investment banker Moelis & Co. as its financial adviser in connection with Sinclair’s purchase of TV stations from Allbritton Communications. “While Moelis has not yet identified a specific purchaser or purchasers of the stations, Sinclair continues to actively pursue this course of action,” Sinclair said in a letter to the FCC (http://bit.ly/1kms0I2).