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Copps: Dow Jones Bid Not ‘Slam-Dunk’

FCC Commissioner Michael Copps says the $5 billion deal in which Rupert Murdoch would buy Wall Street Journal owner Dow Jones may not be a slam-dunk.

FCC Commissioner Michael Copps says the $5 billion deal in which Rupert Murdoch would buy Wall Street Journal owner Dow Jones may not be a slam-dunk.

In a statement, he said: “It’s interesting to hear the ‘experts’ claim the transaction faces no regulatory hurdles.” In fact, Copps stated, the deal means more media consolidation and fewer independent voices.

Copps recommends that the agency review the deal to determine “how it implicates specific FCC rules and our overarching statutory obligation to protect the public interest.”

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