Tribune Media: Sinclair to pay record $48 million fine over failed Tribune deal, other FCC probes

Sinclair Broadcast Group has agreed to pay a $48 million fine to the Federal Communications Commission as part of a settlement to close three pending investigations, including one related to the company's failed acquisition of Tribune Media Co. Hunt Valley, Maryland-based Sinclair had been under investigation for allegedly providing misleading information to the FCC as it sought approval for a proposed $3.9 billion takeover of Tribune. The fine against Sinclair is the largest civil penalty involving...