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MCA TO SPIN OFF TV STATION

The Federal Communications Commission said it has approved the transfer of a New York-area television station from MCA Inc. to MCA shareholders, removing a barrier to the sale of MCA to Matsushita Electric Industrial Co. of Japan.

Under federal law, Matsushita as a foreign corporation is barred from owning MCA's WWOR-TV, based in Secaucus, N.J.

The station will be spun off to MCA shareholders in the form of a separate company.

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