After the FCC didn’t act as requested by Jan. 31...
After the FCC didn’t act as requested by Jan. 31 on News Corp.’s petition to let all investors vote all their shares on the planned separation of its newspaper assets from most of its TV-related businesses, the firm asked the…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
agency to act by April 1. News Corp.’s August request for declaratory ruling (http://bit.ly/YoN82t) sought a finding that the vote would be in the public interest. The company earlier last year took the unprecedented step of suspending some voting rights so it wouldn’t exceed FCC limits of 25 percent foreign interest in TV stations (CD April 19 p5). “This ruling is for the benefit of certain Class B stockholders, who currently would be subject to a suspension of 40 percent of their voting rights,” Senior Vice President of Regulatory and Government Affairs Maureen O'Connell wrote Media Bureau Chief Bill Lake. The company needs time to include mention of any ruling in proxy materials ahead of a stockholder vote expected to take place in early June, said the letter posted Tuesday in docket 12-257 (http://bit.ly/159G7ZU).