Hoffmann Gets FCC Go-Ahead To Buy Audacy’s St. Louis Stations.
The FCC has approved Hoffmann Media Group’s $20 million acquisition of Audacy’s six-station St. Louis cluster, including KMOX, rejecting objections over media consolidation and local journalism. Regulators dismissed concerns about The Federal Communications Commission (FCC) has approved Hoffmann Media Group's acquisition of Audacy’s six-station St. Louis radio cluster for $20 million. The decision removes a regulatory hurdle for Hoffmann, which is part of its strategy to build a national media business combining newspapers, digital platforms and broadcast stations. The objection was filed by Missouri resident Corbett P. Shannon, who argued that Hoffmann’�s expanding media holdings could impact independent journalism and competition in the St.Louis market. He also questioned whether editorial decisions at the stations would remain independent from Hoffmann's other commercial interests. The FCC dismissed the objection, stating there was no reason to rule against the radio group’S proposed spin-ff.
Opublikowany : 2 godziny temu za pomocą w Business
The Federal Communications Commission has cleared the way for Hoffmann Media Group to acquire Audacy’s six-station St. Louis radio cluster, rejecting an objection that raised concerns about media cons... [4028 symbols]
Tematy: Environment-ESG
