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Article: Diller closes in on Silver King.(Barry Diller; Tele-Communications Inc. settling Federal Communications Commission's objections to stations acquisitions)
- Article from:
- Broadcasting & Cable
- Article date:
- May 20, 1996
- Author:
CopyrightCOPYRIGHT 1996 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FCC considering proposal to remove legal obstacles to purchase; Diller says new network will have 10% coverage
Barry Diller's bid to assume control of 12 Silver King TV stations appears to be cruising toward FCC approval this week or next. Commissioners last week were reviewing a draft staff proposal that would free the deal from two legal snags that have kept it on hold since March, sources say.
Tele-Communications Inc.'s Liberty Media arm and Diller last summer announced plans to acquire the Silver King stations through a joint venture, Silver Management Co., in which Liberty holds nearly all the equity and Diller holds the voting stock.
FCC ...