Salem Media Agrees to $10,000 Settlement Over Premature Consummation
Salem Media Group reached a $10,000 FCC settlement over subsidiaries consummating a pro forma transaction before it was approved, said an order and consent decree in Wednesday’s Daily Digest. It's connected to applications for a pro forma transfer of licenses…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
between Salem subsidiaries, including Caron Broadcasting and South Texas Broadcasting. Though other parts of the deal were approved in December, the transfers involving South Texas weren’t, but the companies consummated all of them, the document said. When the Media Bureau granted the South Texas transactions in February, Salem revealed the deal had already been consummated, the bureau said.