The FCC is pausing its review of a contentious $4B bid from Sinclair Broadcast Group (NASDAQ:SBGI) to buy out Tribune Media (NYSE:TRCO).

The agency's informal 180-day "shot clock" is on hold as it say it needs to "fully" evaluate Sinclair's offer of divestitures.

Sinclair shares got a boost yesterday when, as part of those planned divestitures, reports emerged that Fox was nearing a deal to buy 10 TV stations from Sinclair.

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