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- Title
Merger Conditioned on "Baseball" Arbitration.
- Abstract
The article reports on the decision of the U.S. Federal Communications Commission (FCC) to require News Corp. to use baseball arbitration to resolve disputes with local satellite and cable companies regarding the terms and conditions of its acquisition of DirecTV in February 2004. In this type of arbitration, each party submits its final offer to the arbitrator, who selects the one closest to the fair market value of the programming. FCC chairman Michael K. Powell said the arbitration system is designed to prevent exorbitant consumer prices or loss of access to valuable programming, such as regional sports coverage, during arguments between programmers and News Corp. With this system, News Corp. and programmers will have the incentive to reach a mutually beneficial agreement, while protecting the interests of consumers in seeing their favorite shows. Arbitrations will be conducted under the expedited procedures of the American Arbitration Association (AAA) Commercial Arbitration Rules, subject to modifications in the FCC order. The AAA will begin working with the FCC to establish a neutral roster of arbitrators for this program, said S. Pierre Paret, AAA vice president for government relations.
- Subjects
NEWS Corp. (1979-2013); DIRECTV Inc.; CONFLICT management; UNITED States. Federal Communications Commission; ARBITRATION &; award
- Publication
Dispute Resolution Journal, 2004, Vol 59, Issue 1, p5
- ISSN
1074-8105
- Publication type
Article