Thursday's approval "exemplifies
the careful scrutiny the (FCC) will provide to broadcast transactions
that propose new combinations of sharing arrangements and financial
entanglements between a dominant licensee and a so-called sidecar
entity," FCC Media Bureau Chief William Lake said in a statement.
"The
Media Bureau has demonstrated clearly that it will not allow such
combined arrangements to undermine the local TV ownership rule, which is
in place to ensure competition and diverse voices on the airwaves."