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FCC OKs Par TV station transfer

The FCC has OK’d the transfer of seven Paramount TV stations to Viacom, and the agency also agreed to permit Viacom to own radio/TV station combinations in both Washington D.C. and Detroit.

The expected FCC action came three weeks after Viacom won the bidding war for Paramount over Barry Diller’s QVC Network.

Though the FCC’s “one-to-a-market” rule generally bars common ownership of a radio-TV station combination in the same market, the rule was waived since both D.C. and Detroit are in top 25 markets and there are more than 30 TV and radio station “voices” in those locales.

However, the FCC said Viacom is required to shed one of its two AM/FM radio station combinations in D.C. within 18 months. The stations most likely to be sold are WCXR-FM and WCPT-AM.

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