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Article: Diller buy of Silver King OK'd.(Barry Diller acquisition approved by FCC commissioners)(Brief Article)
- Article from:
- Broadcasting & Cable
- Article date:
- June 10, 1996
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 commissioners last week approved Barry Diller's bid to assume control of 12 Silver King TV stations.
The commissioners earlier this year signed off on the plans of Diller and Tele-Communications Inc.'s Liberty Media arm to acquire the stations through a joint venture called Silver Management Co. But the deal has been held up by two legal snags--one involving a charge that Silver King's previous management evaded FCC ownership limits and another involving a condition placed on the commission's approval of the deal.
The condition required prior FCC approval of any ...