EmptyFCC battle heats up
The fight against the FCC's $1.2 million fine for airing a woman's butt during a 2003 episode of ABC's "NYPD Blue" continued Friday with the filing of a brief by Fox, NBC, Telemundo and CBS, who contend the government's actions are unconstitutional. The intervenor filing by the broadcasters claim the FCC's order "reveals various starkly unlawful and unconstitutional aspects" of an "expanding regime" bent on enforcing bans on "indecent" broadcasting.
The Orchard will buy TVT Records as the winning bidder in a Chapter 11 auction, held Thursday in New York. Although terms of the deal were not disclosed, sources say that the Orchard will pay $6.05 million, with the acquisition expected to close by July 3. The deal is subject to court approval, customary closing conditions and finalization of the purchase agreement between the parties.
Court OK's BCE buyout
The Supreme Court of Canada on Friday approved a $34.8 billion buyout of Canadian phone giant BCE by a domestic pension fund and its U.S. equity partners. The high court reversed a lower court decision that blocked Canada's largest-ever takeover by the Ontario Teachers' Pension Plan and U.S. partners Providence Equity Partners, Madison Dearborn Partners and Merrill Lynch. The buyout, now expected to move forward, is culturally sensitive because BCE's broadcast assets include a stake in national TV network CTV and ownership of Bell ExpressVu, the direct-broadcast-satellite TV service.