Telemundo stations in play as purchase by NBC given nod. (Media & Technology).Questions are again being raised about the fate of Telemundo Communications Group Telemundo Communications Group is a holding company within NBC Universal for the television properties bearing the Telemundo brand. It is owned by General Electric and based in Hialeah, Florida.[1] Inc.'s two Los Angeles stations after federal regulators approved NBC's purchase of the Spanish-language network. 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. gave NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. the green light on the $2.7 billion deal, but it granted the network only one year to sell one of its three local stations. NBC has agreed to divest itself of KWHY-TV (Channel 22) in order to comply with the FCC's current regulations, which limit ownership to two stations per market. The 12-month waiver will buy NBC some time as the commission reviews its media ownership rules, which many in the industry hope will be relaxed in the near future. The network's other two stations are KNBC-TV (Channel 4) and Telemundo's KVEA-TV (Channel 54). "A year is a long time," said Rick Blangiardi, president of Telemundo Group Inc. "The laws will get changed." Court rulings have forced the commission to reconsider some of its restrictions, including the station ownership cap for small and mid-sized markets. But that doesn't mean 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. will allow the creation of triopolies. "We don't think they're anything near close to relaxing the triopoly station rule. They just relaxed the duopoly Duopoly A situation in which two companies own all or nearly all of the market for a given type of product or service. Notes: This is very similar to a monopoly, where only one company dominates the market. station rule," said David Miller, an analyst at Sanders Morris Harris Inc. Meanwhile, Telemundo plans to announce this week that cable president Manuel Abud has been named vice president and general manager of KVEA and KWHY. Last week, Telemundo brought over anchorwoman an·chor·wom·an n. 1. A woman who narrates or coordinates a newscast in which several correspondents give reports. 2. Sports A woman who is an anchor in a competition, such as a relay race. Maria Celeste Arraras from rival Univision Communications Inc., owner of the nations No. 1 Spanish-language network. |
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