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Date
Rule
801.2
Staff
Michael Verne
Response/Comments
Correct.

Question

From: (redacted)

Sent: Tuesday, July 25, 2006 4:00 PM

To: Verne, B.Michael

Subject: Local MarketingAgreement Question

Hi Mike,

Ihaven't talked with you in ages. In fact, I've gotten married (went from (redacted))and changed firms (went from (redacted)) since we last talked. I hope that allis going well on your end.

I just wanted to confirmthe PNO's position on Local Marketing Agreements in which a radio stationlicensee transfers the right to program and sell advertising on a station. TheLMA is entered into in connection with the purchase of the radio station. Myunderstanding is that, assuming the thresholds are met, the parties cannotcommence operations under an LMA until the HSR waiting period expires or isterminated. Is this still correct?

About Informal Interpretations

Informal interpretations provide guidance from previous staff interpretations on the applicability of the HSR rules to specific fact situations. You should not rely on them as a substitute for reading the Act and the Rules themselves. These materials do not, and are not intended to, constitute legal advice.

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