FTC OK With Scripps/McGraw-Hill
Found no antitrust issues with the $212M deal
By John Eggerton -- Broadcasting & Cable, 10/31/2011 11:25:50 AM
Any deal valued at over $66 million must be submitted to FTC and Justice for antitrust review. They divvy up the reviews and, if there are problems with antitrust issues, file suit to block or settle on conditions and divestitures with the parties involved. The early termination of that review, which the companies sought, means that, as far as FTC and Justice are concerned, the deal is good to go.
The deal is also being vetted by the FCC, which goes beyond competition issues to public interest determinations. According to an FCC spokesperson, the proposed station sale was placed on public notice Oct. 14. The public has 30 days from that date to file petitions to deny or other objections, if any.
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