Audacy to go private The FCC approved a controversial Audacy bankruptcy plan in a politically divided three-to-two vote in which Soros Fund Management becomes the biggest shareholder in the company with a 57 percent stake through the Laurel Tree Opportunities Corporation. As a result, Audacy – who filed for Chapter 11 bankruptcy last year, will go private and David Field […]
Must also sell station in twelve months In a decision that could have ripple effects for local television, the FCC has fined both Nexstar and Mission Broadcasting over their relationship with one another regarding WPIX in New York City, the market’s CW affiliate. The FCC has also ordered Mission to sell the station in the nation’s largest media market. The […]
FCC Chairman has concerns about the deal; could be knockout blow – Sinclair and Tribune both pledge to fight on (Editor’s Note: Updated at 4:10 p.m. on July 17 with new information.) Even Ajit Pai is seeing through the scam. On Monday, the FCC Chairman released a statement saying he had “serious concerns” about the $3.9 billion deal between Sinclair […]
FCC reverses 2015 vote; leaves uncertain future for Net Never in the years I’ll followed the media business I’ve seen so much hatred for the FCC – even during the Nipplegate controversy and when former chairman Kevin Martin was running the agency. But what we saw Thursday may have Trumped everything. In yet another bitterly partisan divided vote in an […]