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Large media companies are about to learn whether a bite accompanies the FCC's bark when it comes to clearing mergers. The FCC is weighing how to respond to News Corp.'s defiance of an order requiring it to divest a New Jersey television station within two years in exchange for the agency's approval to buy 10 TV stations from Chris-Craft Industries Inc. The issue arises shortly after Congress quashed legislation aimed at rolling back FCC rules easing media industry mergers.
October 13, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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