PUBLIC NOTICE

Federal Communications Commission
       1919 M St., N.W.
       Washington, D.C. 20554


                                        DA 97-600
                                        Released:  March 21, 1997

                                                                 
         MASS MEDIA BUREAU ANNOUNCES REVISED PROCEDURE REGARDING 
         ASSIGNMENT AND TRANSFER CONSUMMATION DEADLINES  
     
In a continuing effort to reduce paperwork burdens on both applicants and staff, the Mass
Media Bureau announces the following change in its policy concerning consummation
deadlines.

FCC Form 732, which is used to notify parties of Commission approval of assignment and
transfer applications, currently states that parties must consummate transactions within 60 days
of the date that the transaction is approved by the Commission.  The Mass Media Bureau
hereby modifies that policy to permit parties to consummate within 90 days from the date of
Commission approval of the transaction.  This modification will provide parties with more
flexibility to set closing dates in accordance with business accounting procedures and decrease
the need to file extension of time requests with Commission staff.  The modification applies to
transactions involving either audio or video services and is effective as of the date of this
Public Notice.  Therefore, notwithstanding the 60 day requirement currently on FCC Form
732, parties may rely on this public notice as authority to consummate transactions within 90,
rather than 60, days. 


By:  Chief, Mass Media Bureau


                             - FCC -