Appeals court throws o
Post# of 17653
Posted On: 05/08/2015 3:09:13 PM
Appeals court throws out FCC's order to reveal contracts • 11:37 AM
Jason Aycock, SA News Editor
•A suit that might have slowed down progress on the review of AT&T's (NYSE:T) purchase of DirecTV (NASDAQ
TV) has wrapped, with the court throwing out the FCC's order for media companies to disclose their pay-TV programming contracts. •The agency had asked for the disclosures in connection with their reviews of that deal and of Comcast's now-failed bid for Time Warner Cable, but major content companies including CBS, Walt Disney (NYSE
IS), Fox (NASDAQ:FOXA) and Viacom (VIA, VIAB) argued the results would cause "irreparable harm" to their negotiating strategies. •The FCC's order was found "substantially and procedurally flawed." The resolution removes yet another hurdle between AT&T and DirecTV.
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