BUT IT'S NOT OVER YET
Economics correspondent Suneel Ratan reports that there are also a few regulatory hurdles for Levin to surmount: "The deal will have to gain two sets of clearances -- and any problems encountered likely will be a consequence of the arrangement's giving Malone a significant minority interest in the merged entity. One is from antitrust regulators. The second is from the Federal Communications Commission, which would determine if the deal conforms to a maze of rules." Clearing the federal hurdles, Ratan says, could take up to a year.
Most Popular »
- E.T. Turns 30: 10 Things You Didn't Know About Our Favorite Extra-Terrestrial
- Nevada Ghosts: Rare Photos From an A-Bomb Test
- Temple of Doom: Scientists Discover Peruvian Tomb Filled with Mummies, Infants
- 15-Year-Old Creates Test for Pancreatic Cancer
- Before and After D-Day: Rare Color Photos
- A Diamond Jubilee
- Marilyn Monroe: Early Unpublished Photos
- 10 Dangerous Products You Might Have in Your Home
- Obama Stumbles? Why the President's Right to Talk About Bain
- Etan Patz: After 33 Years, an Arrest in the Disappearance of the 'Milk-Carton Boy'
- Researchers Probe the Potential Health Benefits of Palm Oil
- A Visit with Turkey's Controversial Religious Movement
- Feeding the Planet Without Destroying It
- Bubble on the Potomac
- Falcon's Liftoff: How a Private Firm Could Change Space Exploration
- The Fatal Flight of the Superjet 100: Why Did It Slam Into a Mountain?
- Learning That Works
- The Man Who Remade Motherhood
- Bibi's Choice
- Seoul: 10 Things to Do
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
RAY KELLY, New York City Police Commissioner, on the arrest of a New Jersey man in one of the nation's most baffling missing-children cases, the disappearance more than three decades ago of 6-year-old Etan Patz.
