12.06.2007 10:52 AM
FCC OKs Tribune transfer of control

The FCC authorized the transfer of control of Tribune Company Nov. 30 from the existing shareholders to Sam Zell, The Tribune Employee Stock Ownership Plan and EGI-TRB.

Tribune requested indefinite waivers of the existing newspaper/broadcast cross-ownership (NBCO) rule in several markets. Although the commission’s order denies this request, it grants time-limited waivers for these markets. The commission has previously said that it would no longer grant indefinite waivers.

In granting time-limited waivers, it concluded that it is not appropriate to require divestiture while litigation is ongoing. Currently, the commission is considering a proposal to alter the NBCO rule. The existing rule has been the subject of extensive litigation. The commission noted Tribune can challenge the denial in court.

The order grants Tribune waivers for two years or for six months after the end of litigation, whichever is longer.

If a new NBCO rule is adopted before January 1, 2008, the order grants Tribune two years to come into compliance with the new rule in the New York, Los Angeles, Miami and Hartford, CT, markets.

The order also grants a permanent waiver of the NBCO rule in the Chicago market. In that market, the combination of the Chicago Tribune, WGN-AM, and WGN-TV dates back decades, long before the existence of the NBCO rule, and was grandfathered when the rule was originally adopted.

For more information, visit: www.fcc.gov.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

Sue Sillitoe, White Noise PR /   Friday 11:15 AM
DPA Microphones Expands Its d:facto™ Vocal Microphone Range
Wall Street Communications /   Friday 04:20 PM
SMPTE 2015 NAB Show Preview

Featured Articles
Discover TV Technology