Federal forms lag freezes new deals: many station transactions are locked up, awaiting FCC reprints to free them. (Business).(a backlog of commercial broadcast station deals wait for the FCC rule changes to take effect)

Broadcasting & Cable, June, 2003 by McConnell, Bill

A backlog of new commercial-broadcast-station deals at the FCC is expected to last at least another month, until federal bureaucracies create and approve new application forms reflecting the changes to industry ownership rules approved by the FCC June 2.

Of course, if a current congressional effort to undo those changes succeeds, the FCC may have to come up with even newer forms.

The Paperwork Reduction Act requires application forms and other filings that the federal government requires individuals and businesses to submit be approved by the Office of Management and Budget to prevent overly burdensome administrative obligations. Although the mandate might cut down on paperwork burdens in the long run, it also creates short-term stoppages of...

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