The deal would create Britain's largest independent broadcasting group, but both companies say the viewer shouldn't notice any difference.
Submissions were allowed to be submitted to the broadcasting group until 22 October.
The Republicans proposed eliminating all Federal money for the broadcasting group.
The broadcasting group continued to be hurt by a soft advertising market.
Operating profit at the Times Company's broadcasting group grew 13 percent, to $5.6 million.
Managers of the foundation apparently learned a few months ago that the broadcasting group owed the Apollo about $3 million.
As such, a senior executive for a broadcasting group said: "Everybody knows the business is cyclical.
Fox also offered the service to stations owned by other broadcasting groups.
Operating profits at the company's broadcasting group rose 15 percent in the latest quarter, to $27.3 million.
Dan Troy, a lawyer for the broadcasting groups, said the court's decision was significant on three levels.
