Tribune Sale Raises Cross-Ownership Issues For FCC

Law360, New York (June 14, 2007, 12:00 AM EDT) -- Chicago real estate billionaire Sam Zell went to Capitol Hill this week to rally for support of his buyout of Tribune Co. as the Federal Communications Commission considers whether to exempt the company from cross-ownership rules that limit media consolidation.

Federal regulators are reviewing whether to grant waivers to Chicago-based Tribune so it can control both newspapers and TV stations in Los Angeles and four other cities, but the requests have drawn fire from a number of groups, including the United Church of Christ, the Consumer...
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