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FCC WILL NOT RULE AGAINST MURDOCH OWNERSHIP
Published May 3, 1995
After investigating the holdings of News Corp. Chair Rupert Murdoch since late '93, FCC regulators "have decided against forcing" him to resturcture his company to comply with foreign- ownership rules. An FCC staff recommendation had urged that News Corp. reduce it ownership stake in the eight TV stations that form the nucleus of Fox TV. One FCC official: "The staff recommendation is dead." The ruling is a "crucial victory" to Murdoch in what has been "a serious legal threat to his empire." The FCC is expected to ask for public comment on whether News Corp. should receive a waiver (Edmund Andrews, N.Y. TIMES, 5/3).