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WGN in Chicago is one of the station's Sinclair said it had found a buyer for. Photo: Scott Olson/Getty Images

Sinclair Broadcast Group said Wednesday it would sell several television stations as it looks to bring its purchase of a group of Tribune stations into compliance with media ownership rules and win the blessing of regulators.

Why it matters: Even with the sell-off, the deal will make the right-leaning Sinclair far and away the most powerful local broadcaster in America.

What they’re saying: Sinclair said in a filing with the Federal Communications Commission that it plans to sell WGN in Chicago, WPIX in New York and KSWB in San Diego to comply with the overall cap on how many people a single broadcaster can reach. It has already found buyers for the New York and Chicago stations, according to the filing.

  • It indicated it would sell “one or more” stations in eight markets so that it wouldn’t violate ownership rules. One of the markets, Des Moines, Iowa, is where Democrats were worried the conservative Sinclair would be able to exert more power over a crucial political ad market.
  • But it has asked the commission to waive its prohibition on one company owning two of the top four stations in a market in three markets.

Broadcasting & Cable notes that many of the stations Tribune plans to sell will be put in a trust which could give regulators some room to change the sales needed to get the deal approved.

What’s next: The FCC will give the public a chance to comment on the updated merger application, and ultimately decide whether or not to approve the deal. The Department of Justice also has to sign off and has reportedly been having discussions with Sinclair about selling some stations.

Go deeper

Updated 1 hour ago - Politics & Policy

Facebook paying up to $14M to settle employment discrimination claims

Photo: T.J. Kirkpatrick/Bloomberg via Getty Images

Facebook has agreed to pay up to $14.25 million to settle allegations that it discriminated against American workers by reserving positions for temporary visa holders, the Justice Department announced on Tuesday.

Why it matters: The settlement represents the largest civil penalty and monetary award that the Civil Rights Division has recovered in the 35-year history of the Immigration and Nationality Act's anti-discrimination provision.

Updated 3 hours ago - World

Mapping repression in China's Xinjiang region

Data: © Mapbox, © OpenStreetMap; Map: Will Chase/Axios

A sweeping new report released today by an Australian research organization reveals new details about how the Chinese Communist Party — and specifically who within the party — is carrying out its campaign of repression in Xinjiang.

Why it matters: Uncovering the actual offices and individuals implementing the Chinese government's genocide and forced labor policies in Xinjiang can bring accountability and help international companies delink supply chains in compliance with U.S. and EU forced labor laws.

Report: U.S. Latinos near 50% homeownership rate

Real estate broker Alex Betances sits in front of a home in Reading, Pa. Photo: Ryan McFadden/MediaNews Group/Reading Eagle via Getty Image

Latinos increased their homeownership rate to nearly 50% in 2020, according to a report from a group monitoring U.S. Hispanic wealth creation.

Why it matters: The Hispanic Wealth Project found that the homeownership rate grew despite the lack of diversified financial assets among Latinos and around 15% who still live below the federal poverty line ($26,500 for a family of four).