Federal Communications Commission
Chairman William Kennard cancelled a 1 p.m. ET speech at Washington's Georgetown University Wednesday, fueling speculation the agency is nearing an end to its review of
Kennard was to address a conference on the future of music and technology.
Shares of AOL and Time Warner were trading higher on Wednesday amid
speculation that FCC approval was near. America Online shares gained $1.90, or 4.4%, to $44.75 in recent
New York Stock Exchange
trading. Time Warner gained $2.66, or 4.1%, to $67.03 on the