The Sinclair-Tribune deal is all but dead after FCC Chairman Ajit Pai has expressed "serious concerns" about the ownership of certain stations . Sinclair Broadcasting which already owns 192 TV stations in the USA wanted to acquire Tribune Media's 42 stations in 33 markets for $3.9 billion. In the deal Sinclair Broadcasting agreed to sell 23 stations but still maintained control of those stations even with new ownership. After FCC chairman Ajit Pai (pdf) concluded that the deal violates the law, Tribune Media's stock dropped 18%. Based on a thorough review of the record, I have serious concerns about the Sinclair/Tribune transaction. The evidence we’ve received suggests that certain station divestitures that have been proposed to the FCC would allow Sinclair to control those stations in practice, even if not in name, in violation of the law.