Home > Cande = Conjecture & Exaggeration, Fande = Fact & Evidence, The Economy > Will the Federal Communications Commission renew the local TV licenses for Rupert Murdoch’s company, News Corporation?

Will the Federal Communications Commission renew the local TV licenses for Rupert Murdoch’s company, News Corporation?

* Fox News is Not News.

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source: http://www.nytimes.com/2011/07/20/business/media/murdoch-scandal-stirs-us-debate-on-big-media.html

EXCERPT:

“Cable outlets like Fox News…are not under the purview of the F.C.C. or its ownership review, but the News Corporation’s 27 local stations are, because each is dependent on a federal license for use of the public airwaves.

License revocations are extremely rare, and analysts said they did not anticipate problems for the stations as a result of the hacking scandal. But an F.C.C. provision assessing the character of a station owner could be invoked by the News Corporation’s opponents when the company’s licenses for Fox and MyNetwork stations come up for renewal [in 2012, as reported on CNBC today].”

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