Murdoch gets waiver to buy Post

The Federal Communications Commission Tuesday granted the request of Fox Television Stations Inc. for a permanent waiver of the newspaper-broadcast cross-ownership rule so that company owner Rupert Murdoch can purchase the New York Post.

The decision is conditioned on a New York bankruptcy court’s approval of Murdoch as the purchaser of the paper.

The 2-1 decision, with Commissioner Andrew Barrett dissenting, follows an April 7 petition by Fox requesting to continue ownership of WNYW-TV New York. The majority said that granting the waiver was an appropriate exercise of its responsibility to accommodate the court in the event that it approved the sale of the beleaguered newspaper.

The commission said its grant of the request was not intended to suggest any preference for Murdoch or in any other way influence the bankruptcy court in its decision.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading