By John Eggerton -- Broadcasting & Cable, 10/28/2007 6:00:00 PM MT
Michael Copps, Democratic FCC member, has asked Chairman Kevin Martin to open an inquiry into News Corp.’s purchase of The Wall Street Journal.
In a letter to Martin last week, Copps, the commission’s most vocal critic of media consolidation, said he is concerned that the $5.6 billion acquisition, which is not currently before the FCC for consideration, would result in control of a network and two of the nation’s five largest newspapers by a single company and would result in the ownership of two newspapers and two TV stations in New York, the nation’s top market. Martin is considering scrapping the cross-ownership rule.
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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