The Federal Trade Commission is declining comment on a Washington Post
report that the FTC's staff has tentatively recommended blocking or substantially modifying Time Warner's $7 billion buyout of Turner Broadcasting System. FTC Chairman Robert Pitofsky, testifying at a hearing Tuesday, said only that he was unhappy about agency news leaks. Consumer groups have contended the deal would give Time Warner too much control of TV.
At the hearing of the subcommittee of the Senate Commerce Committee, Mr. Pitofsky said the number of FTC cases aimed at traditional advertising has dropped as the agency pursues the Internet and telemarketing. "The ad industry has cleaned its own house" he said, citing the industry's self-regulation.