No FCC Decision on Buffett's WPLG Purchase
While neither the Justice Department nor the Federal Trade Commission has any antitrust concerns with Warren Buffett's purchase of WPLG Miami from Graham Holdings Co., it will have to wait a little longer for a decision out of the FCC.
The FCC looks at whether the deal is in the public interest, a standard that goes beyond whether or not it violates any antitrust laws.
According to a spokesperson, the public still has until May 23 to weigh in on the deal, so the FCC can't make any determination until after that date.
The assignment of license was filed April 22, according to FCC documents.
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Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.