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US: Broadcast station merger raises no fears for FTC

 |  September 4, 2014

Federal officials appear to be on path to accept a proposed merger between broadcast station groups Scripps and Journal Communications, say reports.

Scripps and Journal Communications are looking to combine their broadcast operations and spin off their newspaper units into a separate company. The Federal Trade Commission offered an early termination notice this week regarding the deal, and reports say the Federal Communications Commission, which is also reviewing the deal, is expected to also offer its approval for the transaction shortly.

Scripps and Journal first announced last July that they were looking to launch a new broadcasting company to be known as E.W. Scripps and a new newspaper company Journal Media Group.

Full content: Broadcasting Cable

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