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Media&Comm, most read: Sinclair may face FCC probe; Nexstar selling TV stations


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Media&Comm, most read: Sinclair may face FCC probe; Nexstar selling TV stations

Here are the most read stories of the week.

Washington Watch: FCC's Rosenworcel calls for immediate investigation into Sinclair

While the U.S. Federal Communications Commission is still determining how and when it might address character concerns raised against Sinclair Broadcast Group Inc., Democratic Commissioner Jessica Rosenworcel recently said the agency should begin investigating the issues immediately. "This agency has unanimously found in the context of a prior transaction that this licensee engaged in misrepresentation and lack of candor before this agency," said Rosenworcel after the commission's monthly open meeting on March 15.

Analysis: Fox Corp. to debut as US cable powerhouse, but long-term risks remain

Fox Corp., the slimmed-down, U.S.-centric successor to 21st Century Fox Inc., is set to join the S&P 500 index on March 19 as a U.S. cable powerhouse. Long term, however, analysts caution that the new Fox could face challenges to its streamlined news- and sports-focused model due to escalating sports rights costs and the lack of a TV production facility.

Data Dispatch: After a record 2018, questions ahead for big tech on big stock buybacks

Apple Inc. spent $74.25 billion on share repurchases in 2018, more than all companies in six separate industries tracked by S&P Global Market Intelligence. Ahead of Apple's March quarter results, some question how long that pace can last.

Analysis: Disney to pursue Netflix-like usability with new streaming service

The main focus for Walt Disney Co. as it prepares for the launch of its upcoming streaming service Disney+ will be achieving platform functionality and personalization on par with market leader Netflix Inc., analysts said. Disney CEO Bob Iger said in November 2018 that the service, which will launch late in 2019 in the U.S., will feature original and library content housed under five headings: Disney, Pixar, Marvel, Star Wars and National Geographic.

TEGNA, Scripps buying 19 Nexstar TV stations for $1.32B in cash

Nexstar Media Group Inc. is selling 19 television stations in 15 markets for $1.32 billion in cash following the acquisition of Tribune Media Co. by Nexstar. TEGNA Inc. will buy 11 stations in eight markets for $740 million, while E.W. Scripps Co. will acquire eight stations in seven markets for $580 million. Nexstar is also in talks to sell two other stations in Indianapolis, the company said March 20.