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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Allianzgi International & Premium Strategy Fund | NYSE:NAI | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.8701 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
By Thomas Gryta
The Federal Communications Commission is putting its review of Comcast Corp.'s deal for Time Warner Cable and AT&T Inc.'s planned acquisition of DirecTV on hold, pending a court decision related to the disclosure of video-programming contracts.
The commission said it had stopped the clocks on its 180-day review of those deals which were set to expire by the end of March. It said it can restart the clock as it sees necessary.
The court case is over an FCC decision to give third parties commenting on the mergers limited access to video-programming contracts between the merging companies and TV-channel owners like CBS Corp., Walt Disney Co. and Viacom Inc.
The TV-channel owners are fighting the disclosure of that information, which may include pricing and strategy insights. The FCC has argued that the information will allow for input into the deal review and agency has placed protections to prevent the details from leaking.
In late February, the federal court heard arguments in the case, but hasn't yet issued a decision. People close to the deals have warned that the lawsuit could trip up the timeline for the completion of the combinations, which have been closely watched in telecom and media circles.
Comcast has been saying that it expects its deal to close early this year. A Comcast spokeswoman on Friday called the case a "procedural matter" and said a decision from the court is expected soon. A Time Warner Cable spokeswoman said the company is "pleased" with the progress on the review so far.
Brent Kendall contributed to this article.
Write to Thomas Gryta at thomas.gryta@wsj.com
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