Word: broadcast
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...years no one openly challenged the deal's structure, although CBS in 1990-91 did try in vain to persuade a senior Congressman and two newspapers to investigate. Virtually anyone can challenge renewals or transfers of broadcast licenses, a practice that acknowledges that the airwaves are public property, at least in theory. Enter David Honig, a Washington lawyer who often represents the interests of minority clients before the FCC. He too had wondered about the deal and, in mid-1993, found the time and a willing client, a unit of the N.A.A.C.P., to allow him to do the necessary digging...
...pursuit of "content" to feed his vast global distribution network, Murdoch had gone on a global sports shopping binge, even buying the rights to broadcast badminton to the Chinese. Late in 1993 he outbid CBS for the National Football League's National Football Conference games-a package that also lets Fox broadcast the Super Bowl in January 1997. The deal was vintage Murdoch: The pre-emptive bid outside all bounds of fiduciary caution, based not on the calculations of investment bankers but rather on what Murdoch felt the franchise was worth to him. He knew CBS had the right...
...criminal fraud, antitrust and anticompetitive conduct." He listed a series of examples, including GE's 1992 guilty plea on four counts of fraud associated with a sale of aircraft engines to Israel. These sins, Reyner continued, called into question "NBC's basic qualifications to continue as a licensee of broadcast stations...
...Senate approved and sent to the President a measure that would end a tax break to companies that sell broadcast and cable outlets to minority owners (though not before allowing one last such deal involving media mogul Rupert Murdoch). The provision is part of a broader tax bill, which President Clinton has agreed to sign...
...reality it is a cult revolving around a long-haired, charismatic mystic, Shoko Asahara, a magnetic misfit who preaches that government efforts to obliterate his movement will coincide with the beginning of the end of the world. Throughout the week, the hidden guru pleaded his innocence via radio broadcast and videotape, then vanished, leaving behind three luxury cars in a Tokyo hotel parking lot and a $300,000 lawsuit seeking compensation for the police raids...