Technologie i telekomunikacja · 14.09.1995

Finsyn Reports

The Commission granted a request filed jointly by the National Broadcasting Company, Inc., CBS Inc. and Capital Cities/ABC, Inc. (``Petitioners'') that the requirement to file Network Television Program Ownership and Syndication Reports (``Reports'') be suspended. The Reports are currently due to be filed by September 1, 1995. The Commission noted that one purpose of the Reports is to facilitate preparation of comments in connection with the Commission's review of the financial interest and syndication (``finsyn'') rules prior to the scheduled expiration of those rules. As the comment cycle in that review has now closed, the Commission will not now require additional Reports to be filed. The Commission also recognized that collection and preparation of the information required to be included in the Reports represent a significant burden on Petitioners, and determined that it is not necessary for the Commission to review that information at this time. The intended effect of the Commission's action is to suspend this reporting requirement, while reserving the right to require that the Reports be filed if necessary depending upon the Commission's decision in its review of the finsyn r