Court upholds Spice's motion for Stay of Section 505 ruling.NEW YORK--(BUSINESS WIRE)--Dec. 6, 1996--Spice Entertainment Cos. Inc. (SPZE:NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on (formerly Graff-Pay-Per-View)) today announced that the U.S. District Court in Delaware has granted its Motion for Stay of Enforcement Pending Appeal of Section 505 of the Telecommunications Act There are several laws named the Telecommunications Act
This Motion was filed in response to the Nov. 8, 1996 decision by a three-judge panel in U.S. District Court in Delaware denying a request for a preliminary injunction A temporary order made by a court at the request of one party that prevents the other party from pursuing a particular course of conduct until the conclusion of a trial on the merits. A preliminary injunction is regarded as extraordinary relief. against enforcement. This action effectively continues to prevent enforcement of Section 505 until the U.S. Supreme Court renders its decision on its constitutionality. No date has yet been set by the Court for a hearing on the matter. Section 505 requires cable systems to fully scramble To encode (encrypt) data in order to make it indecipherable without having a secret key to "unlock" it. The term came from the early days of cryptography which camouflaged analog transmissions with secret frequency patterns. the audio and video signals of adult programming networks such as Spice and The Adam & Eve Channel. If a cable system cannot comply with the full scrambling requirement, it can only distribute the programming during the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " hours of 10 p.m. to 6 a.m., a practice known as "time channeling." "We are obviously quite pleased with the Court's decision in this matter," said Steve Saril, president of Spice Networks, a Spice Entertainment operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon . "The ruling ensures that there will be no rush to implement this restriction to the First Amendment's free speech guarantee before the nation's highest court renders its decision." Spice Entertainment Companies Inc. is a leading provider of adult television programming. CONTACT: Spice Entertainment Tina Clarke, 212/219-6267 or The Miller Co. Howard Glassroth, 212/316-2342 |
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