FCC Extends Merger Review

Wall Street Journal confirmed reports from last week that the Federal Communications Commission would be extending its review beyond the original New Years Eve deadline previously set. BetaNews reported last week that the FCC had in fact reset the clock on the merger, but AOL and Time Warner officials said they expected a speedy decision early next year. Some of the delay is due to the FCC waiting on the Federal Trade Commission to issue its decision on the merger, which it conditionally approved just a few weeks ago. For more visit ZDNet and read the rest of the article.