FCC Head Backs Waivers For Tribune

Law360, New York (November 29, 2007, 12:00 AM EST) -- In a push to help close the proposed $8.2 billion sale of Tribune Co., the chair of the Federal Communications Commission has urged the commissioners to waive the media conglomerate's violations of its current ownership regulations.

FCC Chairman Kevin Martin on Wednesday suggested that the commissioners take three days to consider a proposal that would allow real estate magnate Sam Zell to purchase Tribune without divesting any media outlets. Martin suggested a vote on Friday.

Although Tribune asked the commission to grant a number of waivers...
To view the full article, register now.