FNN-CNBC Antitrust Probe Ends: The Federal Trade...

FNN-CNBC Antitrust Probe Ends: The Federal Trade Commission closed an antitrust investigation of the proposed acquisition of Financial News Network by its main rival without filing any objections to such a deal. But the outcome of the fight for control of FNN remained in doubt. A bankruptcy judge had accepted a $115-million offer for FNN from NBC’s rival Consumer News and Business Channel, and disqualified a competing bid from a partnership of Dow Jones & Co. Inc. and Westinghouse Broadcasting Co. On Wednesday, a federal court overturned that ruling and ordered the bankruptcy court to consider both bids.