broadcastfan9751 140 Posted July 14, 2016 Share Posted July 14, 2016 The FCC has reached a Consent Decree with Media General over its operation of WAGT while it was under Gray's ownership. Media General and Gray were involved in lititgation over the termination of the JSA and SSA that Schurz entered into with Media General in 2009. Media General obtained a preliminary injunction requiring the JSA and SSA to continue and also prohibited Gray from offering WAGT in the incentive auction. As a result, Media General will pay a $700,000 "Settlement Payment" to the U.S Treasury. Link to comment https://localnewstalk.net/topic/15226-media-general-fined-700k-for-wagt-operation/ Share on other sites More sharing options...
mardek1995 200 Posted July 14, 2016 Share Posted July 14, 2016 The FCC has reached a Consent Decree with Media General over its operation of WAGT while it was under Gray's ownership. Media General and Gray were involved in lititgation over the termination of the JSA and SSA that Schurz entered into with Media General in 2009. Media General obtained a preliminary injunction requiring the JSA and SSA to continue and also prohibited Gray from offering WAGT in the incentive auction. As a result, Media General will pay a $700,000 "Settlement Payment" to the U.S Treasury.So what happens now besides the settlement fee? Link to comment https://localnewstalk.net/topic/15226-media-general-fined-700k-for-wagt-operation/#findComment-155077 Share on other sites More sharing options...
tyrannical bastard 3951 Posted July 14, 2016 Share Posted July 14, 2016 A big fine and a slap on the wrist basically... Since this was an isolated occurence tied to the legal wrangling and control of WAGT, this is probably the end result. Companies like RKO General were brought down by a litany of corporate misconduct over the years that led to their downfall and loss of stations... Link to comment https://localnewstalk.net/topic/15226-media-general-fined-700k-for-wagt-operation/#findComment-155079 Share on other sites More sharing options...
Digidude 3 Posted July 30, 2016 Share Posted July 30, 2016 Essentially, MG is going to get what it deserves when Nexstar comes in and rapes the hell out of them. Link to comment https://localnewstalk.net/topic/15226-media-general-fined-700k-for-wagt-operation/#findComment-156182 Share on other sites More sharing options...
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