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).
