The Federal Communications Commission has asked Rupert Murdoch for more details on his bid to buy the New York Post, throwing a wrench into the News Corp. chairman’s plans.
Murdoch, who holds a controlling interest in Fox Television’s WNYW-TV New York, recently asked the FCC to waive its newspaper-broadcast cross-ownership rule to allow him to buy the Post.
With no congressional opposition and the FCC sending signals the waiver would be approved, Murdoch’s request was thought to be on a fast track.
On Friday, however, the FCC issued an order asking Murdoch to provide more details by Tuesday.
Current owner Peter S. Kalikow placed the Post in bankruptcy March 15; on March 30, a court-approved agreement allowed Murdoch to assume control of the newspaper.
The FCC asked Murdoch to state Kalikow’s desired price and to provide certification from a newspaper broker that the listing price for the Post was at fair market value.
Further, the FCC granted the National Hispanic Media Coalition’s request to extend to May 10 the deadline for parties to file comments or support or opposition for Murdoch’s bid to buy the Post.