[Federal Register Volume 62, Number 47 (Tuesday, March 11, 1997)]
[Notices]
[Page 11202]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-6054]
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FEDERAL TRADE COMMISSION
[Dkt C-3709]
Time Warner Inc., et al.; Prohibited Trade Practices, and
Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent order.
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SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair or deceptive acts or practices and unfair methods of
competition, this consent order requires the restructuring of the
acquisition by Time Warner of Turner Broadcasting Systems, Inc. by,
among other things, requiring Tele-Communications, Inc. (TCI) to divest
its interest in Time Warner to a separate company, requiring TCI,
Turner and Time Warner to cancel long-term carriage agreements, barring
Time Warner's programming interests from discriminating in carriage
decisions against rival programmers, and requiring Time Warner's cable
interests to carry a rival to CNN.
DATES: Complaint and Order issued February 3, 1997.\1\
\1\ Copies of the Complaint, the Decision and Order, and
statements by Commissioners Pitofsky, Steiger, Varney, Azcuenaga and
Starek are available from the Commission's Public Reference Branch,
H-130, 6th Street & Pennsylvania Avenue, NW., Washington, DC. 20580.
FOR FURTHER INFORMATION CONTACT:
William Baer, FTC/H-374, Washington, D.C. 20580. (202) 326-2932.
SUPPLEMENTARY INFORMATION: On Wednesday, September 25, 1996, there was
published in the Federal Register, 61 FR 50301, a proposed consent
agreement with analysis In the Matter of Time Warner Inc., et al., for
the purpose of soliciting public comment. Interested parties were given
sixty (60) days in which to submit comments, suggestions or objections
regarding the proposed form of the order.
Comments were filed and considered by the Commission. The
Commission has ordered the issuance of the complaint in the form
contemplated by the agreement, made its jurisdictional findings and
entered an order to divest, as set forth in the proposed consent
agreement, in disposition of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38
Stat. 719, as amended; sec. 7, 38 Stat. 731, as amended; 15 U.S.C.
45, 18)
Donald S. Clark,
Secretary.
[FR Doc. 97-6054 Filed 3-10-97; 8:45 am]
BILLING CODE 6750-01-M
