Network Financial Interest and Syndication Rules

The Commission repealed significant portions of its financial interest and syndication (``fin/syn'') rules, scheduled the remaining rules for expiration, and committed itself to conducting a proceeding six months prior to the scheduled expiration date. On April 5, 1995, the Commission adopted a Notice of Proposed Rule Making initiating the instant review of these rules. It also sought comment in the Notice of Proposed Rule Making on whether to accelerate the expiration date for the remaining rules in the event it determined that no basis had been shown for retaining them. Having considered the record before it, the Commission finds that those parties favoring retention of the remaining fin/syn rules have failed to meet their burden of proof, and that continuation of the rules therefore is not justified. The intended effect of this action is to eliminate the fin/syn rules in their entirety without delay.