FCC approves two TV station group mergers

Dec 20, 2013

The Federal Communications Commission has approved two multi-billion-dollar mergers involving the consolidation of major TV station groups.

In rulings released Friday, the FCC allowed Tribune Co. to purchase 16 stations from Local TV Holdings LLC, while allowing another three stations to go to Dreamcatcher Broadcasting LLC.

Tribune originally sought 19 stations for $2.7 billion, but Dreamcatcher will run three of the stations under an operating agreement with Tribune. The FCC denied the agreements amounted to full control.

The FCC also approved Gannett Co. Inc.'s $1.5 billion purchase of Belo Corp. and its 20 stations. Gannett on Monday agreed with the Justice Department to cut all ties with one of the stations, KMOV-TV in St. Louis. Five other stations will be operated by Sander Media LLC in a separate operating agreement.

Explore further: FX says overnight ratings becoming meaningless

2 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Dish, Gannett reach agreement over TV fees

Oct 08, 2012

(AP)—Dish and Gannett say they have reached an agreement in a fee dispute that had threatened to leave more than 2 million Dish subscribers in 19 cities without access to local television stations owned by Gannett.

Comcast, NBC to sell 1 TV station in Los Angeles

May 10, 2010

(AP) -- NBC Universal will sell one of the three Los Angeles stations it owns as cable TV provider Comcast Corp. tries to clear regulatory hurdles so it can acquire a controlling stake in the entertainment company.

Stations must warn if new TV signals lack reach

Mar 16, 2009

(AP) -- TV stations must alert viewers if their new digital signals don't reach areas covered by their soon-to-be-defunct analog broadcasts, the Federal Communications Commission has ruled.

Recommended for you

Economical and agile offshore construction ship

2 hours ago

Siemens is currently installing the power supply and propulsion systems into a new multi-purpose offshore construction ship for Toisa Ltd. The ship, which is being built by the Korean company Hyundai Heavy ...

Software provides a clear overview in long documents

3 hours ago

In the future, a software will help users better analyze long texts such as the documents for calls for bids, which are often more than one thousand pages long. Experts at Siemens' global research unit Corporate ...

User comments : 0