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Sinclair is selling the channels to win
regulatory approval for its deal to buy Tribune Media Co, the
Financial Times said, citing people familiar with the matter.
(http://on.ft.com/2Fk9jVv)
The report comes less than a month after Fox agreed to sell its
film, television and international businesses to Walt Disney Co
for $52.4 billion in stock.
The Sinclair channels being sold will include some in important
U.S. National Football League markets, such as Seattle and
Denver, to ease the regulatory process, the FT said.
The deal will also help Fox monetize its NFL rights better, the
FT reported.
The sales will be in regions where Sinclair owns two "full
power" stations, prohibited under the current Federal
Communications Commission rules, the FT said.
Fox and Sinclair did not immediately respond to requests for
comment.
(This version of the story corrects company name in first
paragraph to "Sinclair Broadcast" from "Sinclair Broadcasting")
(Reporting by Arjun Panchadar in Bengaluru; Editing by Savio
D'Souza)
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