July 21, 1988 |
The Federal Communications Commission on Wednesday approved the sale of RKO General's KHJ-TV Channel 9 in Los Angeles to Walt Disney Co. for $324 million. The decision ends a 23-year broadcast license dispute that the commission called "the most burdensome proceeding in the FCC's history."
January 12, 1988 |
RKO General has tried to sell local independent station KHJ-TV Channel 9 twice in the last two years, but both deals have been blocked by the Federal Communications Commission. Embroiled for more than two decades in messy litigation over its fitness to hold a broadcast license, RKO is still unable to rid itself of what is routinely described in newspaper accounts of these transactions as "the lowest-rated VHF station in the L.A. market."