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Media Companies Likely to Pursue More Mergers Due to Recent Court Rulings.
Knight Ridder/Tribune Business News, February, 2002
By Christopher Carey, St. Louis Post-Dispatch Knight Ridder/Tribune Business News
Feb. 22--Media companies emboldened by two appellate court rulings this week might embark soon on a new round of industry consolidation.
"This will likely lead to an explosion of mergers among huge companies, mergers that would have been unthinkable just a few years ago," said David Butler, a spokesman for Consumers Union, a public-interest group worried about the impact of such deals.
On Tuesday, the U.S. Court of Appeals for the District of Columbia struck down a Federal Communications Commission rule that barred one company from owning a cable TV system and a local TV station in the same market.
The same court ordered the FCC to reconsider another...
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