PxPixel
FTC/DOJ OK With Media General/LIN Meld - Multichannel

FTC/DOJ OK With Media General/LIN Meld

Provides Early Termination of Antitrust Review
Author:
Publish date:

The Federal Trade Commission/Department of Justice have signaled they have no problem with Media General's purchase of LIN Media TV stations.

That came in an early termination notice released Monday (Nov. 3). That means that neither the FTC nor DOJ, but most likely DOJ (they divvy up the reviews), has antitrust issues with the deal that would prompt them to seek conditions or try to block it. That also means the FCC is likely to approve the deal as well, since they tend to coordinate their merger reviews. An FCC spokesperson would only say the deal is still "actively being reviewed."

Media General and LIN divested five stations in an effort to ease the regulatory review of the deal.

Read more at B&C here.

Related