Fox Television Stations asked the Federal Communications Commission on Friday to approve the transfer of licenses of its 35 owned-and-operated stations from News Corp. Chairman and CEO Rupert Murdoch to the corporation itself, through a subsidiary. Because of restrictions on foreign ownership of broadcast stations, the station’s licenses could not previously be held by News Corp., which was an Australian company until it reincorporated as an American company in November 2004. Mr. Murdoch, as a naturalized American, was allowed to hold the licenses. News Corp. said the proposed transfer makes for a less complex corporate structure and will not affect the equity ownership of the Fox-owned stations or their day-to-day operations.
Fox Stations Seek Transfer of O&O Licenses
Aug 19, 2005 • Post A Comment