In a surprise move, NBC said late Friday it would withdraw its FCC petitions against Fox and SF Broadcasting station acquisitions, citing the commission's proposals that it said would accomplish the same result in terms of foreign ownership and attribution rules.
NBC CEO Robert Wright told BROADCASTING & CABLE he is "declaring victory and getting out." He said NBC "stands by" its petitions, but made a decision to withdrew them after concluding no further gain would come from their prosecution.
NBC, in effect, began to resume diplomatic relations with Fox last week. More than that, it already has resumed business dealings with the company. NBC is negotiating carriage of CNBC and NBC Super Channel Asia on News Corp. …
Broadcasting & Cable; August 29, 1994
Broadcasting & Cable; March 21, 1994
Broadcasting & Cable; October 3, 1994
Broadcasting & Cable; October 17, 1994
Broadcasting & Cable; February 27, 1995
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