NBC ASKS FCC TO LOOK INTO FOX AFFILIATE ACQUISITIONS
Published September 27, 1994
NBC, in a filing with federal regulators, "contended that Fox Television Stations Inc. is trying to sidestep federal limits on the number" of TV stations a single company may own. NBC asked the FCC to stop the transfer of an NBC affiliate in Green Bay to SF Broadcasting of Green Bay LLC, a venture of News Corp.'s Fox and movie distributor Savoy Pictures Entertainment Inc. NBC suggested that the FCC require more information on SF Broadcasting's capital structure. Under the Fox-Savoy venture, the Green Bay station is listed as being owned by a corporation held by the two Savoy principals, Victor Kaufman and Lewis Korman. Although the two own just 1% stake in the station, they hold all the voting control. Savoy holds a 74% stake and Fox owns 25% (Carnevale & Jensen, WALL STREET JOURNAL, 9/27). NBC contends that recent moves by Rupert Murdoch to acquire Fox affiliates "amount to an effort to get around federal limitations on the number of stations that one network can own." The NAACP has already asked the FCC to examine the foreign ownership of Fox because of News Corp.'s financing of the initial Fox purchase (Bill Carter, N.Y. TIMES, 9/27).