The FCC Media Bureau is committed to making sure conditions that...
The FCC Media Bureau is committed to making sure conditions that the agency places on mergers are followed, said Michael Perko, chief of the bureau’s office of communications and industry information, in a letter to Rep. Steve Israel, D-N.Y., released…
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this week (http://bit.ly/14lGDRq). The congressman wanted to know what the FCC is doing to assist the Aloha Station Trust, which was set up when Clear Channel went private in a leveraged buyout to handle its required divestitures and find buyers for the 20 remaining stations it controls. “Please be assured that the Bureau will continue to monitor AST’s efforts to market the stations to potential buyers and, if necessary, will initiate appropriate measure to ensure AST meets its obligations to divest the remaining stations held by the Trust,” Perko wrote.