08.03.2007 12:00 AM
Copps: Dow Jones Bid Not 'Slam-Dunk'
FCC Commissioner Michael Copps says the $5 billion offer from Rupert Murdoch to 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 continued, the deal means more media consolidation and fewer independent voices.
Copps recommends the agency review the deal to determine "how it implicates specific FCC rules and our overarching statutory obligation to protect the public interest."