OK NPRM on Pro Forma Transactions, NAB Asks FCC
The FCC should issue an NPRM on a CTIA and USTelecom proposal to do away with regulatory burdens for pro forma transactions, NAB told aides to acting Chairwoman Jessica Rosenworcel, per a filing posted Friday in docket 17-105. “A single…
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non-substantial internal transaction can result in filing requirements that strain resources, delay business decisions and divert sparse resources,” it said. Broadcasters have sometimes “opted to temporarily maintain a suboptimal corporate structure due to concerns that a pro forma application could delay or complicate other pending regulatory approvals,” NAB said. Apply “a uniform approach” to pro forma transactions across platforms, it said.