Wednesday, November 28, 2007

Source: Zell Deal could get FCC waivers this week *

CT's Michael Oneal reports that according to a source at the FCC, Chairman Martin circulated a proposal among the 4 other commissioners addressing Zell and Tribune's request for temporary waivers. Though the particulars of the proposal aren't known, if the language is close to what Tribune asked for and the commissioners approve it by Friday, Tribune's Zell Deal will have the time to close by the end of the year.

* Update: According to people familiar with the proposal, Tribune Co. will be exempted for six months from rules prohibiting ownership of newspaper and TV stations in the same market. But .... LAT

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