Today, the DC Circuit Court of Appeals allowed the district court's earlier opinion, which permitted the AT&T/Time Warner merger to proceed, to stay in place. Public Knowledge supported the Justice Department’s challenge of the merger.
The Federal Communications Commission is required by law to review its media ownership rules every four years to determine whether they remain “necessary in the public interest.” If they do not, the FCC is to “repeal or modify” the regulations. Contrary to the apparent belief of the FCC, the Quadrennial Review is not simply about eliminating or relaxing rules. Rather, the purpose of the review is to serve the public interest. Therefore, when the FCC decides whether to keep, repeal, or modify current rules, some rules may need to be enhanced.
Today, the Federal Trade Commission announced a consent decree in the Staples-Essendant merger. Commissioners Slaughter and Chopra dissented, arguing the consent decree would be insufficient to address their competitive concerns with the merger.
Today, Tribune Media has announced that it has terminated its 3.9 billion merger agreement with Sinclair Broadcasting Group and that it has filed a lawsuit against Sinclair for breach of contract. The withdrawal follows the Federal Communications Commission’s move to send the merger to an administrative law judge.