Rival Seeks FCC Delay in Univision Ruling
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Spanish-language network Telemundo is asking federal regulators to delay a decision on rival Univision Communication Inc.’s proposed $3-billion purchase of Hispanic Broadcasting Corp.
Executives from Telemundo and its parent network, General Electric Co.’s NBC, told Federal Communications Commission officials in meetings last week that the Univision deal would harm competition in the Spanish-language media industry.
Los Angeles-based Univision owns 50 TV stations nationwide. It would acquire HBC’s 63 radio stations if the transaction is approved by the FCC.
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