FCC approves Time Warner sale of Atlanta TV station

The Federal Communications Commission approved Time Warner's sale of a broadcast station in Atlanta to Meredith, a transaction that could help speed Time Warner's planned merger with AT&T. The station that Time Warner is selling, WPCH-TV, for $70 million, is its only FCC-regulated broadcast station. It has other, more minor FCC licenses. Meredith has operated WPCH-TV for Time Warner since 2011. It was previously known as WTBS. Meredith said it was pleased the FCC approved the application and that it anticipated "moving forward expeditiously to close this deal."