FCC slaps Sinclair with $48 million record-breaking fine

FCC slaps Sinclair with $48 million record-breaking fine 1

FCC Chairman Ajit Pai said in a statement:

“Sinclair’s conduct during its attempt to merge with Tribune was completely unacceptable. Today’s penalty, along with the failure of the Sinclair/Tribune transaction, should serve as a cautionary tale to other licensees seeking Commission approval of a transaction in the future. On the other hand, I disagree with those who, for transparently political reasons, demand that we revoke Sinclair’s licenses. While they don’t like what they perceive to be the broadcaster’s viewpoints, the First Amendment still applies around here.”

Pai didn’t specify what those “viewpoints” and “political reasons” are. But back in 2018, Sinclair got embroiled in a scandal after having dozens of local news anchors recite a script warning people about “fake news.”

Paying the penalty will also close investigations into Sinclair’s failure to identify sponsors for materials aired on its own and other TV stations, as well as into the way it negotiated shared programming with other broadcasters. Based on the agency’s release, $13 million of the total amount accounts for the fine it proposed for failing to disclose sponsorship of paid programming made to look like independently generated news coverage. The offending programs were aired during actual news programs or as 30-minute shows.

Sinclair seems to be pleased with the outcome despite having to pay a record-breaking fine. Company chief Chris Ripley said:

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

What Are E-stablecoins And How Do They Operate?
What Are E-Stablecoins And How Do They Operate?
August 11, 2022
How to Choose a Legit Crypto Casino?
August 5, 2022
Spend Crypto
5 Ways to Spend Crypto
August 2, 2022
What Is A DAO LLC?
What Is A DAO LLC?
August 2, 2022
Can Running A Lightning Node Earn You Passive Income?
Can Running A Lightning Node Earn You Passive Income?
July 5, 2022


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin23,894 0.18 % 0.84 % 0.29 %
Ethereum1,874.7 0.25 % 1.97 % 5.57 %
Tether1.001 0.08 % 0.03 % 0.10 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
BNB316.40 0.14 % 1.11 % 2.62 %
Cardano0.5612 0.77 % 1.35 % 4.42 %
XRP0.3759 0.33 % 0.33 % 0.92 %
Binance USD1.001 0.01 % 0.06 % 0.13 %
Solana42.12 0.56 % 2.22 % 3.81 %
Dogecoin0.08566 0.75 % 10.45 % 22.00 %

bitcoin
Bitcoin (BTC) $ 23,955.00
ethereum
Ethereum (ETH) $ 1,880.03
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 316.88
cardano
Cardano (ADA) $ 0.5642
xrp
XRP (XRP) $ 0.377048
binance-usd
Binance USD (BUSD) $ 1.00
solana
Solana (SOL) $ 43.26
dogecoin
Dogecoin (DOGE) $ 0.086298