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Broadcasters Commence Bidding in First Phase of Incentive Auction
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • USA
  • June 3 2016

Bidding began at 10 AM Tuesday in the reverse phase of the FCC's history-making incentive auction. During the current phase broadcast industry


Nexstar Strikes $4.6 Billion Deal for Media General, as Meredith Withdraws Offer
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • USA
  • January 29 2016

This week, Nexstar Broadcast Group successfully enticed Media General (MG) away from merger partner Meredith Corp., as members of the MG board


FCC Approves $4.6 Billion Merger of Nexstar and Media General
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • USA
  • January 13 2017

Nexstar received FCC consent Wednesday to proceed with its plan to acquire Media General (MG) in a $4.6 billion transaction that will make the


Broadcasters Set $86.4 Billion Clearing Cost During Reverse Stage of Incentive Auction
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • USA
  • July 1 2016

As wireless carriers prepared this week to submit upfront payments for the forward phase of the incentive auction, the reverse phase of the incentive


House, Senate panelists question AT&T and DirecTV on merger plan
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • USA
  • June 27 2014

At back-to-back congressional hearings, executives of AT&T and DirecTV addressed concerns raised by lawmakers and various industry witnesses on the


FCC allows cable program access rules to expire
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • USA
  • October 12 2012

Pointing to a national multichannel video program distribution marketplace in which cable operators now play a less dominant role, the FCC decided unanimously last Friday to allow provisions of its program access rules that prohibit exclusive contracts to expire


Sirius, XM Satellite Radio agree to merge
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • USA
  • February 23 2007

In a landmark development for the satellite radio industry, rivals XM Satellite Radio and Sirius Satellite Radio agreed to merge Monday in a $13 billion transaction that the companies hope will enable them to expand their program offerings and to realize a profit for the first time


Comcast to pay $800,000 to settle FCC probe on NBCU conditions
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • USA
  • June 29 2012

Under a consent decree reached with the FCC, Comcast agreed on Wednesday to pay $800,000 to settle an FCC probe into the cable giant’s compliance with certain conditions attached to its January 2011 merger with NBC Universal (NBCU


Justice Department announces conditional approval of Verizon-SpectrumCo deal, as FCC circulates draft order approving transaction
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • USA
  • August 18 2012

Verizon Wireless’s $3.9 billion plan to acquire wireless spectrum licenses held by the SpectrumCo venture and to enter a related cross-marketing arrangement with Cox Communications and the SpectrumCo members was conditionally approved yesterday under a proposed Justice Department (DOJ) consent decree that includes various conditions intended to preserve competition in the markets for video, wireless and broadband Internet services


DOJ challenges non-HSR reportable transactions
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • USA
  • May 29 2007

On May 22, 2007, the Antitrust Division of the Department of Justice (the “DOJ”) filed a civil antitrust lawsuit challenging a series of 2004 transactions that eliminated competition between the only two daily newspapers in Charleston, West Virginia