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This year’s mergers-and-acquisitions boom is re-shaping industries and contributing handsomely to the bottom lines of leading investment banks. One statutory provision triggered in many transactions–not just those involving major wireless or satellite broadcasting companies–is Section 310(d) of the Communications Act of 1934, as amended. This provision requires that the FCC grant its prior consent to the assignment of radio station licenses or the transfer of control of a radio station licensee.
Continue Reading M&A Counsel: Don’t Overlook Section 310(d) of the Communications Act