Radio: another Spanish conquest.ALL eyes were on Washington this summer, where new rules on media ownership passed by 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. faced immediate challenges in Congress. The rules, if sustained, would relax ownership restrictions across radio and other media formats. Last month 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. approved Univision Communications Inc.'s $3.2 billion purchase of rival Hispanic Broadcasting Corp., bringing 65 radio stations in 17 major markets into the fold of the Los Angeles-based Spanish-language powerhouse ... Concerns over market concentration delayed the approval for one year, but Univision President Ray Rodriguez Ray Rodriguez is Cuban-American businessperson and the current president of Univision. Univision Communications (a subsidiary of Broadcasting Media Partners Inc.) • • maintained that competition would be enhanced. Other competitive rumblings are being made by Fox News, which has decimated competitors on cable TV and now is taking aim at Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co.'s ABC News
ABC News is a division of American television and radio network ABC, owned by The Walt Disney Company. Its current president is David Westin. Radio and Westwood One Inc. (partly owned by Viacom Inc.). Fox News Radio Service, launched last spring, plans an expansion with 24-hour news updates and longer syndicated news segments. Through August, ad revenues in the L.A. market rose 8.5 percent year-to-date, making it the fifth fastest growing market in the country, according to George Nadel Rivin, partner in charge of broadcast services at accounting firm Miller Kaplan Arase & Co. ... Nationwide, year-to-date revenues were up 3 percent, according to Rivin ... L.A.'s market leaders during the summer months, based on preliminary figures from Arbitron, continued to be Emmis Communications Corp.'s hip-hop station Power 106, KPWR-FM (105.9), followed by Infinity Broadcasting Corp.'s KROQ-FM (106.7). Third is a race between KFI-AM (640), a Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. Inc. station, and KSCA-FM (101.3), a Spanish-language station now in the Univision stable, which rose several notches since spring. |
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