Infinity-AABA settlement may precipitate more deals; others say expensive settlement is unique to Infinity, market. (Infinity Broadcasting, African American Business Association, radio broadcasting industry)

Broadcasting & Cable | May 30, 1994| | Copyright

Others say expensive settlement is unique to Infinity, market

The settlement between Infinity Broadcasting and a minority business group that sought to block its purchased of WPGC-AM-FM Washington may set a "troublesome precedent" that will encourage similar agreements around the country, observers says.

The FCC on May 20 approved the $60 million sale and the settlement with the African American Business Association, and simultaneously fined Infinity $200,000 for allegedly indecent statements made by its star personality, Howard Stern (BROADCASTING & CABLE, ...

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