Viacom doesn’t have to comply with 35% station ownership cap unti...
Viacom doesn’t have to comply with 35% station ownership cap until at least year after final FCC decision on ownership limits, Commission said in order. Viacom had requested stay of ownership rules pending FCC decision. Its acquisition of CBS…
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gives it combined audience reach of just over 41%, which would have required it to divest stations by May 4. Comr. Copps concurred, but said he would have preferred to give Viacom just 12 months to come into compliance, rather than 12 months after FCC decides on new ownership limits in proceeding that hadn’t been begun yet: “Under this scenario, Endgame could well be the twelfth of never.”