Viacom Inc. Monday won the go-ahead for its $650 million purchase of KCAL-TV
Los Angeles from Young Broadcasting Inc.
The deal will give Viacom a duopoly in Los Angeles, where the company also
Viacom also owns seven radio stations there, and it must sell one of them within
six months, regulators said.
Federal Communications Commission rules bar a TV duopoly from owning more
than six radio stations in the same market.