Friday, March 2, 2012

Fox showdown nears at FCC. (Federal Communications Commission Chairman Reed Hundt; foreign equity in Fox Broadcasting ownership)(Brief Article)

FCC Chairman Reed Hundt is still looking for a third vote in his quest to order Fox to restructure itself.

Hundt backs a proposal that would require Fox to restructure the company, to resolve the alleged violation of current foreign ownership rules. Commissioner Susan Ness is the only vote Hundt can count on say commission sources.

Hundt reportedly is concerned that a decision that allows Fox to continue under its current ownership structure will make it difficult to defend the agency's 25% cap on foreign ownership in the future.

At the other extreme is Commissioner James Quello, who supports Fox's claims that it has in no way violated rules that limit alien …

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