Federal Communications Commission
News Media Information 202 / 418-0500
445 12th Street, S.W.
Washington, D. C. 20554
This is an unofficial announcement of Commission action. Release of the full text of a Commission order constitutes official action.
See MCI v. FCC. 515 F 2d 385 (D.C. Circ 1974).
FOR IMMEDIATE RELEASE:
NEWS MEDIA CONTACT:
March 12, 2014
Janice Wise, 202-418-8165
STATEMENT OF WILLIAM LAKE, CHIEF, MEDIA BUREAU ON
PROCESSING GUIDANCE FOR FUTURE PROPOSED BROADCAST TV TRANSACTIONS
The Media Bureau released today a Public Notice to give guidance to the industry about how the Bureau
will process pending and future proposed broadcast television transactions. In the interest of transparency, we hope
that all interested entities will find it helpful for us to identify publicly a concern that has arisen in our review of
proposed transactions in recent months and years and that will enter into our future transaction reviews. That
concern relates to the combination in a transaction of operational agreements of various types along with contingent
financial interests or financing relationships.
Where such a combination exists, we see a need to apply careful scrutiny to ensure that the transaction does
not give one station an undue degree of operational and financial influence over the second station. We will need to
ensure that the economic effects of, and incentives created by, the transaction are consistent with the public interest
and our Commission policies. This is not a change in our underlying rules or the policies on which they are based.
But we owe it to the interested public to share our concern that such a combination of operational and financial
relationships raises issues of consistency with our rules and policies, which will have to be considered carefully in
our public interest review. Parties interested in simplifying the review of their transactions should be benefited by
knowing of this concern as they structure their deals. Similarly, parties with pending applications proposing these
types of combinations will have the opportunity to amend those applications, if they wish, to simplify the review