[Imc-summaries] FCC approves merger waiver for News Corp: 7/30/01 UCIMC Newshour headline

[imc-tech at urbana.indymedia.org]

Last Wednesday, July 25, the Federal Communications Commission approved the
sale of Chris-Craft Communications to Rupert Murdoch's News Corp.  The sale
adds many more TV stations to Murdoch's stable.  Most notably, News Corp
gains another TV station in the New York City market, where it already owns
one. The FCC duopoly rule restricts the co-ownership of two major news
media in a single market -- however, FCC waivers allow corporations to circumvent this rule.

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