U.S. regulators approved Time Warnerâs sale of its only TV station, clearing a transaction that helps ease scrutiny of the film and TV giantâs proposed $85.4 billion purchase by AT&T Inc.
The Federal Communications Commission granted Meredith Corp. permission to buy WPCH in Atlanta from Time Warnerâs Turner Broadcasting System, according to an announcement posted on the agencyâs website.
The FCC, which oversees broadcast licenses, could have grounds to scrutinize the AT&T-Time Warner deal if the...
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