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US: FCC denies Dish objections to new media company

By  |  November 10, 2013

The US Federal Communications Commission cleared a proposed merger between Media General Ind. And New Young Broadcasting Holding, say reports, a decision that came one day after Media General shareholders approved of the deal themselves.

The merger, which is expected to close Tuesday, will create a firm with 31 television stations within 28 markets in the nation.

Under terms of the agreement, Media General’s broadcasting licenses are now approved to transfer to the new company, along with New Young’s 13 stations.

Rivals Spartan-TV and Dish Network opposed the deal, but their objections were denied by the FCC, say reports.

Full Content: Times Dispatch

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