Broadcast

摘要

The FCC Media Bureau approved the assignment 26 radio stations licensed to Cox Radio to Summit-nMedia and Connoisseur Media. The bureau also denied a petition to deny the assignment from Citizens fornEquity in Taxation. CET argued that the applications will be part of a like-kind exchange and "that theirngrant will offer tax avoidance benefits to Cox," the bureau said in an order (http://bit.ly/14lrXac). The InternalnRevenue Service "expressly has approved the use of like-kind exchanges in transactions involvingnbroadcast properties," it said. The FCC "has not previously found the fact that a transaction involved a likekindnexchange to be of concern."