Time Warner TV-station sale OKed, easing AT&T deal

U.S. regulators approved Time Warner’s sale of its only TV station, clearing a transaction that helps ease scrutiny of the film and TV giant’s proposed $85.4 billion purchase by AT&T Inc. The Federal Communications Commission granted Meredith Corp. permission to buy WPCH in Atlanta from Time Warner’s Turner Broadcasting System, according to an announcement posted on the agency’s website. The FCC, which oversees broadcast licenses, could have grounds to scrutinize the AT&T-Time Warner deal if the...

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