On February 8, 2011, the Federal Communications Commission (FCC) entered into a Consent Decree with Turner Broadcasting Systems, Inc. (Turner) relating to Turner's failure to seek prior FCC approval before consummating an internal restructuring. The Consent Decree reminds parties that it is important to comply with all pre-approval requirements relating to the assignments or transfers of control of Commission licenses.
USA, Insolvency & Restructuring, Media & Entertainment, Wiley Rein LLP, Regulatory compliance, Consent decree, Consent, Subsidiary, Pro forma, European Commission, Federal Communications Commission (USA), US Department of the Treasury