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Pai’s statement raising questions about whether Sinclair would continue to control some of the stations it proposes to divest followed similar questions raised in separate filings with the FCC last month by the American Civil Liberties Union and conservative news outlet Newsmax Media. The deal has come in for sharp criticism that it would lead to significant TV station consolidation in the United States by many Democrats and by the attorneys general of three states who in a filing last month urged the FCC to reject the deal.

Sinclair, based in Hunt Valley, Maryland, has said that if the deal was approved, it would reach nearly 59 percent of the nation’s television households, Sinclair said Monday the deal “will create numerous public interest benefits and help move the broadcast industry forward at a time when it is facing unprecedented challenges.”, A majority of the FCC voted Monday to approve the draft order circulated by Pai’s office to refer the transaction for a hearing, a person briefed on the matter miami dolphins orange bowl stadium seat cufflinks said..

“It’s widely recognized that when something is set for a hearing that the deal is not going to survive,” said Gigi Sohn, a top aide to former FCC Chairman Tom Wheeler. FCC Commissioner Jessica Rosenworcel, a Democrat, said that after a string of policies “custom built” to support Sinclair, “the agency will finally take a hard look at its proposed merger with Tribune.” The draft order circulated by Pai’s office, part of which was seen by Reuters, said the deal raised an issue that “includes a potential element of misrepresentation or lack of candor” that must be resolved before the FCC gives it a go-ahead.

That could amount to “misconduct,” the order said, The Justice Department’s separate review of the merger is still ongoing, the department said Monday, The draft order raised questions about the divestiture of stations in Dallas and Houston as well as representations made by Sinclair about the divestiture of WGN-TV in Chicago, Sinclair responded that miami dolphins orange bowl stadium seat cufflinks it denies “such allegations in the strongest possible manner” and said it has been “completely transparent about every aspect of the proposed transaction.”..

Two FCC officials briefed on the matter said the language in the order made it extremely unlikely that Sinclair would be able to proceed with the merger as planned. The order “could also (put) pressure on them to divest more stations cleanly in the open market,” said Gene Kimmelman, president of the advocacy group Public Knowledge. Advocacy group Free Press said Sinclair forces stations to “air pro-Trump propaganda” - a charge it denies. President Donald Trump has defended the conservative-leaning Sinclair, tweeting in April that the company was “far superior to CNN.”.

(Reuters) - Netflix Inc’s subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company’s rapid expansion is slowing, The streaming video pioneer added 5.2 million miami dolphins orange bowl stadium seat cufflinks customers from April through June, 1 million fewer than forecasts from Thomson Reuters I/B/E/S, as it added new programming including “Lost in Space” and new episodes of Marvel’s “Jessica Jones” and “13 Reasons Why.”..

“We had a strong but not stellar Q2,” Netflix said in a quarterly letter to shareholders. Netflix said it had “over-forecasted” quarterly fluctuations in the pace of new customers. The company noted that it had underestimated subscribers for seven of the past 10 quarters. Before the earnings report, Netflix shares had gained 109 percent, making it the second-strongest performer on the S&P 500 index. In after-hours trading on Monday, Netflix shares sunk 14 percent to $343.60, eroding $24.2 billion in market capitalization and down from an earlier close of $400.48.

“Investors are devastated by Netflix’s Q2 projection that went down in dramatic flames, Now future projections are suspect and that decimates valuation,” said Eric Schiffer, chief executive miami dolphins orange bowl stadium seat cufflinks officer of private equity firm Patriarch, Wall Street had been betting that Netflix would deliver outsized growth as demand for online entertainment increases around the globe, The company is spending heavily to hook new customers, budgeting $8 billion for programming and $2 billion for marketing in 2018..

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