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Articles Posted in Corporate Spotlight

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Increase in HSR Thresholds Makes More Room for Larger Communications Transactions

While the FCC gets to have a say in nearly every sale or merger in the communications industry, no matter how small, the Department of Justice and the Federal Trade Commission will also be called upon if a transaction is large enough. The test for when a transaction is large…

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FCC Enforcement Monitor

Pillsbury’s communications lawyers have published FCC Enforcement Monitor monthly since 1999 to inform our clients of notable FCC enforcement actions against FCC license holders and others. This month’s issue includes: Failure to Refresh Tower Paint Garners $8,000 Fine FCC Levies $25,000 Fine for Failure to Respond $85,000 Consent Decree Terminates…

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Should Media Lenders Feel Less Secure?

In an uncertain economy, obtaining financing for business transactions can be a challenge. It can be even more challenging for FCC licensees, since FCC rules prohibit granting a security interest in an FCC license. Because lenders want an enforceable lien on all of a borrower’s assets, when those assets include…

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Client Advisory: Preserving and Maximizing Insurance Claims in the Aftermath of Hurricane Irene

By Peter M. Gillon, Vince Morgan and James P. Bobotek 9/6/2011 Hurricane Irene has caused immense damage to the East Coast with loss estimates in the billons. Those affected face many challenges as they begin the recovery process, including impaired utility services, water damage, accessibility problems and supply-chain disruptions. Fortunately,…

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Another Downside of Downsizing

Like many other FCC license holders, broadcast stations constantly navigate numerous laws and regulations while filing a multitude of reports and applications by required deadlines. Many of these are required quarterly, but some are annual, biennial, quadrennial, or octennial (once every eight years, and the only time I’ll get to…

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Managing Debt Covenants in Hard Times

TVNewsDay 3/4/2009 To say that current economic conditions are challenging for broadcasters is akin to noting that the Ice Age was chilly. Like many industries, consolidation and growth was fueled by the easy availability of capital, and now broadcasters struggling under the weight of reduced advertising sales and large debt…