******************************************************** NOTICE ******************************************************** This document was converted from WordPerfect to ASCII Text format. Content from the original version of the document such as headers, footers, footnotes, endnotes, graphics, and page numbers will not show up in this text version. All text attributes such as bold, italic, underlining, etc. from the original document will not show up in this text version. Features of the original document layout such as columns, tables, line and letter spacing, pagination, and margins will not be preserved in the text version. If you need the complete document, download the WordPerfect version or Adobe Acrobat version, if available. ***************************************************************** Federal Communications Commission Washington, DC 20554 Released: August 14, 1998 Raymond B. Growchowski, Esq. Latham & Watkins 1001 Pennsylvania Ave, NW Suite 1300 Washington, DC 20004-2505 Dorann Bunkin, Esq. Wiley, Rein & Fielding 1776 K Street, NW Washington, DC 20006 Counsellors: This is in regard to the application filed on August 4, 1998, to transfer control of WOOD-TV (NBC), Channel 8, Grand Rapids, MI, from Ranger Equity Partners, LP to Chancellor Media Corporation (the "WOOD-TV" application); and the applications also filed on August 4, 1998, to transfer control of Ranger Equity Holdings Corporation and its subsidiaries, licensees of eight television stations, from Ranger Equity Partners, LP to Chancellor Media Corporation (the "Ranger" application). Our preliminary review of the Ranger applications discloses that the transaction would be inconsistent with the Commission's multiple ownership rules. In fact, you acknowledge in the applications that at least four one-to-a-market waivers are required. You did not, however, include the necessary requests as a part of the applications, but indicated that they will be submitted at a later date. Additionally, in the WOOD-TV application, you did not include a waiver for the Grand Rapids-Kalamazoo market where, our records indicate, your proposal would result in Chancellor Media Corporation controlling a television station and multiple radio stations in violation of the multiple ownership rules. Accordingly, based on the above, the referenced applications will be held in abeyance and not placed on public notice as accepted for filing until the required multiple ownership waiver requests are submitted. Sincerely, Barbara A. Kreisman Chief, Video Services Division Mass Media Bureau