FTC Federal Register notice, Oct. 16, 1986, 51 FR 36802
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BILUNG CODE 6750-01-M 16 CFR Part 13 [Docket No. 9174] Warner Communications, lncM et al. and Polygram Records, Inc., et al.; Prohibited Trade Practices, and Affirmative Corrective Actions AGENCY: Federal Trade Commission. a c t io n : Consent orders. s u m m a r y : In settlement of alleged violations of Federal law prohibiting unfair acts and practices and unfair 1 Copies of the Complaint and the Decision and Order are available from the Commission's Public Reference Branch, H-130,6th St. and Pa. Ave., NW„ Washington, DC 20580.
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Federal Register / Vol. 51, No. 200 / Thursday, October 16, 1986 / Rules and Regulations 36803 methods of competition, these consent orders require, among other things, two New York City record companies to obtain prior FTC approval before acquiring any interest in major record companies and to notify the FTC about distribution agreements planned with those companies.
DATE: Complaint issued March 19,1984. Decisions issued September 8,1986.1 FOR FURTHER INFORMATION CONTACT: FTC/L-501, James C. Egan, Jr., Washington, DC 20580. (202) 254-6024. SUPPLEMENTARY INFORMATION: On Thursday, June 19,1988, there was published in the Federal Register, 51 FR 22301, a proposed consent agreement with analysis In the Matter of Warner Communications, Inc., a corporation, Warner Bros. Records, Inc., a corporation, Chappell & Co., Inc., a corporation, and Polygram Records, Inc., a corporation, for the purpose of soliciting public comment. Interested parties were given sixty (60) days in which to submit comments, suggestions or objections regarding the proposed form of order.
No comments having been received, the Commission has ordered the issuance of the complaint in the form contemplated by the agreement, made its jurisdictional findings and entered its order to cease and desist, as set forth in the proposed consent agreement, in disposition of this proceeding. The prohibited trade practices and/or corrective actions, as codified under 16 CFR Part 13, are as follows: Subpart— Acquiring Corporate Stock or Assets: § 13.5 Acquiring corporate stock or assets; § 13.5-20 Federal Trade Commission Act; § 13.6 Arrangements, connections, dealings, etc.; § 13.7 Joint ventures. Subpart—Corrective Actions and/or Requirements: § 13.533 Corrective actions and/or requirements. List of Subjects in 16 CFR Part 13 Major record companies, Trade practices.
(Sec. 6. 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38 Stat. 719, as amended; sec. 7, 38 Stat. 731, as amended; 15 U.S.C. 45,18) Emily H. Rock, Secretary.
[FR Doc 86-23349 Filed 10-15-86; 8:45 am]