The Media Bureau announced the filing of an application...
The Media Bureau announced the filing of an application and deadlines related to the proposed deal between Media General and Young Broadcasting (http://bit.ly/15fQPA8). The deal doesn’t run afoul of cross-ownership rules because Berkshire Hathaway, “which owns newspapers in several Media…
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General television markets, will no longer hold an attributable interest in Media General after consummation of the merger,” said the bureau in a news release Wednesday. The companies have requested renewal for “three existing waivers of local television multiple ownership rules,” the bureau said. Petitions to deny the transaction are due Aug. 8. The bureau also set comment deadlines on Wednesday for the Gannett/Belo and Tribune/Local TV deals (CD Aug 1 p17).