A Divided FCC OKs CBS-Viacom Merger, The TelecommAnalyst News.Business Editors NEW YORK--(BUSINESS WIRE)--May 25, 2000 The Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. recently approved the merger of CBS (Cell Broadcast Service) See cell broadcast. (NYSE NYSE See: New York Stock Exchange :CBS) and Viacom (NYSE:VIA) without reviewing the potential anti-competitive effects of the combination. The hands-off approach drew substantial criticism from Commissioner Gloria Tristani. Lately, the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. has been under fire on Capitol Hill for using the public interest standard to conduct competitive analyses that many believe are outside its jurisdiction. To find out more about this week's Analyst's DC Buzz, read the article in Multex.com's The Telecomm Analyst(sm), http://www.telecommanalyst.com/individual/000523sections/dcbuzz.html Companies profiled: CBS (NYSE:CBS) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=cbs Viacom (NYSE:VIA) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=via |
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