Feds to OK merger of Univision, Hispanic Broadcasting

[Nottingham]

http://www.chron.com/cs/CDA/ssistory.mpl/front/2087711

Feds to OK merger of Univision, Hispanic Broadcasting
Associated Press

WASHINGTON - The government will approve Univision Communication Inc.'s $2.8 billion purchase of Hispanic Broadcasting Corp., a Federal Communications Commission official said today.

The five members of the Republican-dominated commission were submitting their votes and an official announcement was expected by the end of the day, said the official, who spoke on condition of anonymity. The two Democrats on the commission have opposed the deal.

Under the plan, Los Angeles-based Univision would acquire HBC's 63 radio stations. The company then would have to sell two radio stations as a condition of the FCC's approval, the official said.
Univision already owns the Univision and TeleFutura TV networks, the Galavision cable network and 50 television stations nationwide.

more...

It looks like Hispanics are going to have less channels and their Networks under more controls

:bounce:

[Hawkeye-X]

1. Well..

if Congress overturns the FCC media consolidation plan, then the deal is dead as a doornail.

Hawkeye-X

[Flying_Pig]

2. A "Republican dominated" commission approved

the merger of a rabidly right-wing, Republican dominated, corporation, run by Cuban exiles. Oh gee, why am I not surprised??? We better hope this deal is DOA, or these bastards will use their power to try and shape Hispanic voting patterns. We need the "Fairness Doctrine" back NOW, RICO statutes enforced against the media, and anti-monopoly laws enacted!