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FCC: Murdoch WSJ Buy Not "Slam Dunk"

  • TV Week, Thursday, August 2, 2007 10 AM
FCC member Michael J. Copps is sounding a note of caution on News Corp.'s deal to buy Dow Jones and The Wall Street Journal. The deal raised questions about media industry consolidation and could face some questions from the FCC about its impact on the New York media market.

Copps thinks News Corp.'s ownership of the New York Post, The Wall Street Journal and New York TV station WNYW-TV warrants FCC scrutiny. He says the deal could face regulatory hurtles.

Said Copps in a statement: "This deal means more media consolidation and fewer independent voices, and it specifically impacts the local market in New York City."

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