News Corp. Files for Fox Licenses

Author:
Publish date:
Updated on

Fox Television Stations Inc. filed applications with the Federal Communications Commission Friday seeking approval of the transfer of the licenses of its 35 owned-and-operated stations to a domestic subsidiary of News Corp. and its shareholders.

The company said the proposed transfer will be accomplished by an internal restructuring of the relevant corporate entities, and it will not affect the equity ownership of the Fox-owned stations or any aspect of their day-to-day operations.

News Corp. had been prohibited from controlling the Fox-owned stations when it was an Australian company, but it was reincorporated in the United States Nov. 12, 2004.

Fox’s 35 O&O stations in 26 markets cover nearly 45% of U.S. television homes and include duopolies in New York; Los Angeles; Chicago; Dallas; Washington, D.C.; Houston; Minneapolis; Phoenix; and Orlando, Fla.

Related