FCC Licenses: The Forgotten Stepchildren In M&A

Law360, New York (September 13, 2016, 2:50 PM EDT) -- Burt Braverman

Christopher A. Cook Parties to acquisitions often find themselves in the position of the McCallisters in "Home Alone," dashing out of the house and arriving in Paris only to discover that they've left little Macaulay Culkin (aka Kevin) behind. Like the McCallisters, buyers and sellers, and even their counsel, in their frenzy to get a deal done, sometimes overlook the need to obtain prior Federal Communications Commission authorization for transfer of control, or assignment, of licenses for private radio and telecommunications facilities that are important, and possibly essential, to the business being acquired. A recent order of the FCC Enforcement...

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