The federal government shut down could have unfortunate consequences for the TV industry, putting such big-deal mergers as "Gannett's
$1.5 billion purchase of Belo, Tribune’s
$2.7 billion deal to buy Local TV, or Sinclair’s
$985 million takeover of Allbritton Communications on hold," writes Keach Hagey. "The FCC announced Tuesday that it was
suspending the informal 180-day time clock for reviewing transactions as a result of the shutdown."
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