Facing Criticism, F.C.C. Is Thinking Local

Article Abstract:

Federal Communications Commission Chairman Michael K. Powell will create a task force to look at the quantity of time and quality of programming devoted by radio and TV stations to local issues. The F.C.C. will also expedite approval of applications from small local groups to run low-power FM stations. The F.C.C. has received hundreds of thousands of letters of complaint and concern over its recent ruling that would relax ownership rules for radio and TV stations. Critics see the moves as too little, too late, and find it ironic that after moving to damage localism, the agency at this late date wants to examine how its moves might impact localism in media.

United States, Legal issues & crime, Strategy & planning, Government regulation (cont), Government domestic functions, Radio Broadcasting, Television Broadcasting, Government regulation, Science & research, Television broadcasting stations, Public affairs, Legal/Government Regulation, Radio broadcasting stations, Research, Analysis, Planning, Laws, regulations and rules, Radio broadcasting industry, Television broadcasting industry, United States. Federal Communications Commission, Mass media industry, Economic policy, Public opinion, Company business planning, Broadcasting policy, Industrial concentration, Powell, Michael (American chairperson)

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London mauling

Article Abstract:

AMP Ltd, the Australian Mutual Provident Society, saw its share price last week fall to a record low of $9.10, putting the institution's total value at just $10 bil. When it went public in 1998, its total value was $21 bil. The company's disastrous foray into the UK market has left it vulnerable to a takeover.

Australia, Foreign operations, Financial management, Securities issued, listed, Finance, Insurance industry, Securities, Company Profile, Company securities, Company financing, AMP

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