Word: fcc
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Dates: during 1980-1989
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...seven TV stations, seven AM radio stations and seven FM stations. As of next week, the rule will be liberalized to 12-12-12, opening the way for bigger broadcast mergers. Capital Cities owns seven TV stations and ABC five, so they can get together without exceeding the new FCC limit...
What comes next is a long sculpting process to make the new company fit FCC regulations governing concentration and numbers of stations. It is certain that properties worth hundreds of millions of dollars will have to be sold off. The possible complexities are numbing. Because Buffett will be a major shareholder in Capital Cities/ ABC, his ownership of a chunk of the Washington Post Co. could result in the new company's having to sell two Washington radio stations. An FCC rule prohibits common ownership of a radio or TV station and a newspaper in the same city. Capital Cities...
Newton Minow, 59, attorney and former FCC chairman, on his study of the legal systems of four European countries: "In Germany, under the law everything is prohibited except that which is permitted. In France, under the law everything is permitted except that which is prohibited. In the Soviet Union, everything is prohibited, including that which is permitted. And in Italy, under the law everything is permitted, especially that which is prohibited...
...attorney for Turner Broadcasting (estimated 1984 sales: $300 million) met with FCC commissioners last week and supposedly discussed the possible acquisition of CBS. Turner denied that the talks concerned a CBS buy-out. He said Charles Ferris, a Turner attorney, had made inquiries to the FCC about license- transfer procedures and that the talks were "not related to any particular broadcast group." On Wall Street, analysts doubted Turner had the financial clout to launch a successful fight...
...statement has not satisfied the intelligence agency, which took the unprecedented step of filing a complaint with the Federal Communications Commission. The CIA charged that ABC violated the FCC's Fairness Doctrine by broadcasting "outlandish statements" in "reckless disregard for the truth." (The fairness regulation requires that broadcasters "afford reasonable opportunity for the presentation of contrasting viewpoints.") The CIA took the unusual action because the Supreme Court has indicated that federal agencies cannot sue news organizations for libel. In its complaint the CIA asked that the FCC order ABC to retract "all false allegations," and that it consider...