Sinclair Reaches Deal with Creditors

With Trump’s FCC coming in, which is expected to let stations groups do whatever they want, Sinclair is getting ready.

Sinclair says they have reached an agreement with their creditors to Recapitalize the company Debt.

This move will let Sinclair buy up more stations and likely merge them with other stations they own.

Other media groups like Nexstar, Tegna and Gray and looking to do the same.

“We’re very excited about the upcoming regulatory environment,” said Sinclair CEO Chris Ripley after Trump was elected.. “It does feel like a cloud over the industry is lifting here, and we do think some much needed modernization of the regulations will be forthcoming.”

Why do I get the feeling that the cloud over Journalism is just starting to roll in?