Revised FCC Form 323 Commercial Broadcast Station Ownership Report Now Available

Forms Must Be Filed By July 8 

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The FCC has announced that the revised ownership report form (FCC Form 323) is now available on the FCC’s electronic filing system and that the new deadline for filing biennial ownership reports for commercial broadcast stations is July 8, 2010.  Although the filing deadline has been extended, the information required to be reported on the form must reflect ownership interests as of November 1, 2009.

The revised Form 323 represents the FCC’s attempt to address the numerous problems associated with the prior version of the form, which was overly burdensome and time consuming to complete.  Last December, the FCC suspended the most recent filing deadline pending technical improvements to the form.

The FCC urges broadcasters to file their ownership reports as early as possible and well in advance of the July 8 deadline.

Should you have any questions regarding the revised Form 323 or ownership report filing process, please contact your primary attorney in our office.

April 12, 2010

 

 

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This memorandum is intended only as a general discussion of these issues and should not be regarded as legal advice.

We would be pleased to provide additional details or advice about specific situations if desired.

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