Tribune sees positive FCC ruling on TV licenses in 4Q

Submitted by Benton Foundation on July 16, 2007 - 9:31am
Last updated: February 21, 2008 - 7:14am

TRIBUNE SEES POSITIVE FCC RULING ON TV LICENSES IN 4Q
[SOURCE: Reuters]
Newspaper publisher Tribune Co. said on Friday it hoped to receive a positive response from the Federal Communications Commission in the fourth quarter regarding its television licenses, allowing a deal to take the company private to close prior to year end. Tribune said in a filing that the most significant condition to closing the deal, aside from getting shareholder approval, will be receiving approval from the FCC regarding the transfer of Tribune TV licenses and its request for waivers in cross-ownership markets.
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