A $6.2 billion deal looms over Jimmy Kimmel's suspension
- Jimmy Kimmel's show was suspended by ABC following criticism by FCC chair Brendan Carr.
- The two biggest local TV operators also came out swinging against Kimmel before his show was pulled.
- The companies are both pursuing, or considering, M&A deals that would require FCC approval.
Jimmy Kimmel drew the wrath of Nexstar Media Group and Sinclair after the FCC's Carr criticized him. Nexstar has a $6.2 billion deal on the line.
www.businessinsider.com
The saying, "follow the money," comes to mind.
The companies, which did not respond to a request for comment, also have business reasons to keep Carr and the FCC happy.
In August, Nexstar announced it wanted to buy Tegna, another local TV operator, for $6.2 billion in a deal that would require FCC approval. That same month, Sinclair said it was reviewing its business and considering "acquisitions, strategic partnerships, and business combinations," which would also be subject to FCC review.
Puts things in perspective. All media companies who need Dotard's approval for anything, especially a merger, know they have to please Dear Leader.