By BroadCasting & Cable Staff -- Broadcasting & Cable, 10/7/2002 4:48:00 AM MT
Federal Communications Commission chairman Michael Powell brought down the
gavel on the New York Stock Exchange Friday.
Down was the operative word: The Dow Jones Industrial Average closed down 188
to 7,528, its lowest level since Powell was a fledgling commissioner four years
ago.
It was a Big Apple-heavy week for the chairman, who spoke at a Goldman Sachs
investor conference there Oct. 2 and appeared on Neil Cavuto's Fox News Channel show
Friday (Oct. 4), where he said the EchoStar Communications Corp.-DirecTV Inc.
decision should come "soon."
Fox Business Network begins broadcasting from its new high-tech Studio G, overlooking Manhattan from the 3rd floor of News Corp. headquarters, on April 20. B&C got an early peek at the new space.
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