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BUSINESS
January 18, 1993 | JUBE SHIVER Jr., TIMES STAFF WRITER
Antoinette D. Cook, senior counsel for the Senate Communications subcommittee and a leading candidate to head the Federal Communications Commission, received more than $500,000 in 1988 to abandon her bid to contest the fitness of a Washington radio station, a practice the industry once derisively termed "filing for dollars." Receiving money for challenging a station's government-issued broadcast license was legal at the time.
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BUSINESS
January 18, 1993 | JUBE SHIVER Jr., TIMES STAFF WRITER
Antoinette D. Cook, senior counsel for the Senate Communications subcommittee and a leading candidate to head the Federal Communications Commission, received more than $500,000 in 1988 to abandon her bid to contest the fitness of a Washington radio station, a practice the industry once derisively termed "filing for dollars." Receiving money for challenging a station's government-issued broadcast license was legal at the time.
BUSINESS
July 21, 1988 | PAUL RICHTER, Times Staff Writer
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."
BUSINESS
August 12, 1987 | KATHRYN HARRIS, Times Staff Writer
RKO General, the once-giant broadcasting company mired in a decades-old battle to defend its suitability as a license holder, suffered another blow Tuesday when an FCC administrative law judge ruled that the company is unfit to run KHJ-TV Channel 9 in Los Angeles and 13 other television and radio stations across the land. RKO immediately said it would appeal the decision and does not expect the ruling to harm its 5-month-old agreement to sell KHJ-TV to Walt Disney Co.
BUSINESS
July 21, 1988 | PAUL RICHTER, Times Staff Writer
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."
BUSINESS
August 12, 1987 | KATHRYN HARRIS, Times Staff Writer
RKO General, the once-giant broadcasting company mired in a decades-old battle to defend its suitability as a license holder, suffered another blow Tuesday when an FCC administrative law judge ruled that the company is unfit to run KHJ-TV Channel 9 in Los Angeles and 13 other television and radio stations across the land. RKO immediately said it would appeal the decision and does not expect the ruling to harm its 5-month-old agreement to sell KHJ-TV to Walt Disney Co.
BUSINESS
December 3, 1988
Walt Disney Co. has finally assumed management of KHJ-TV, 21 months after announcing that it would buy the Los Angeles independent television station from RKO General Inc. for about $320 million. The deal was not approved by the Federal Communications Commission until last July, primarily because of long-running challenges to RKO's fitness as a broadcaster.
BUSINESS
March 1, 1985 | DENNIS McDOUGAL, Times Staff Writer
Akron, Ohio-based Gencorp Inc., corporate parent of General Tire and RKO General Inc., said Thursday that veteran broadcaster Dick Clark has agreed to buy all three of its satellite radio networks. Officials of Clark's United Stations Radio Networks signed a letter of intent to purchase the networks late Wednesday in New York for an undisclosed sum, RKO spokesman Steve Ellis said. Radio industry sources put the purchase price at about $20 million.
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