TITLE

MEDIA/ENTERTAINMENT

PUB. DATE
January 2005
SOURCE
Investment Dealers' Digest;1/10/2005, Vol. 71 Issue 1, p60
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents statistical information on the securities related to the U.S. media and entertainment industry. New York Times Co. has agreed to pay $16.5 million to acquire 49% of Metro Boston, one of five free daily papers owned by Metro International that targets Boston area commuters in their 20s and 30s, But Patrick Purcell, publisher of the Boston Herald, said the move is anticompetitive and violates antitrust laws. The Supreme Court granted the U.S. Federal Communications Commission (FCC) a second extension of the deadline by which the regulator has to decide whether to try to overturn the June 2004 ruling of a Philadelphia appeals court that blocked controversial changes the FCC made to media ownership rules in 2003.
ACCESSION #
15604292

 

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