Reps. Crist, Soto Want CXR Divestiture Complete
Two Florida Democrats, Reps. Charlie Crist and Darren Soto, weighed in on the FCC extending the Dec. 17 deadline for CXR Radio Station Trust to sell off radio stations divested as part of the Terrier/Cox deal, said letters posted in…
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.
docket 19-98 Monday. CXR has asked for more time but would-be purchaser Spanish Broadcast Systems said CXR has rejected multiple offers from SBS for WPYO(FM) Maitland, Florida (see 2111180069). If the FCC were to grant the extension "based on unsupported claims about the unsatisfactory state of the market -- claims that are undermined by the fact that CXR has received a viable offer from an established radio operator,” it would undercut the purpose of radio ownership rules, Soto wrote. CXR “is under an obligation to consummate the sale of the stations as soon as reasonably practicable,” wrote Crist. Under SBS, WPYO would be the first and only Hispanic-owned station serving Orlando, Crist said.