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Article: Justice denied as hollings prevails: DoJ won't get oversight of all media mergers. (Top of the Week).(Department of Justice and the Federal Trade Commission have scrapped a new agreement that sent all media-merger reviews to Justic)(Brief Article)
- Article from:
- Broadcasting & Cable
- Article date:
- May 27, 2002
- Author:
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After a prolonged and contentious tug-of-war with Sen. Fritz Hollings (D-S.C.), the Department of Justice and the Federal Trade Commission have scrapped a new agreement that sent all media-merger reviews to Justice.
Hollings, chairman of two relevant Senate committees, had been bucking the change ever since word leaked last January. After five months of battling, the agencies last week finally gave in to Hollings' demands and scuttled the plan.
Hollings couldn't he more pleased. "I think it's appropriate that they abandoned this agreement," he said. "The FTC has broad discretion to protect consumers in merger reviews, whereas the Justice Department is ...