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…
Articles Posted in Corporate Spotlight
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…
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…
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,…
Who Owns Your Operation’s Custom Software?
One of the benefits of practicing law in a multifaceted law firm is the opportunity to work with lawyers in every area of law. It is always a good learning experience, as you get to explore the often hazy areas of law that dwell at the nexus of multiple practice…
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…
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…