FCC Approves Tribune Ownership Waiver
November 16, 2012

As expected, the FCC has approved a waiver for The Tribune Co. and its cross-ownership of TV stations and newspapers. The Commission has granted a permanent waiver of the cross-ownership ban for Tribune in Chicago, as well as temporary waivers in four other markets, including New York and Los Angeles. Tribune owns 23 TV stations, eight newspapers and one radio station: News-Talk WGN-AM/Chicago.

Tribune CEO Eddy Hartenstein said in a statement, "We are extremely pleased with today's action by the FCC. This decision will enable the company to continue moving forward toward emergence from Chapter 11, a process we expect to complete over the course of the next several weeks."

FCC Commissioner Ajit Pai has released his own statement on the waiver issue, saying, "While my preference would have been for the Media Bureau to grant the Tribune Company permanent waivers from the newspaper-broadcast cross-ownership rule in the New York, Los Angeles, Miami-Ft. Lauderdale, and Hartford-New Haven markets, I am nonetheless pleased with today’s Order. It facilitates the company’s exit from bankruptcy, grants Tribune a permanent waiver in the Chicago market, and allows the company to maintain its newspaper-broadcast combinations in the four other markets so that they may be examined under the new rule we are likely to adopt later this year. Given the financial conditions confronting the newspaper industry, we should be applauding companies that continue to operate daily newspapers rather than saddling them with artificial and outdated regulatory burdens."

Yesterday it was reported that FCC Chairman Julius Genachowski had asked for a vote this week to "streamline and modernize" the media ownership rules. The proposal reportedly includes allowing common ownership of a daily newspaper and TV station in the 20 largest U.S. markets.

In related news, once Tribune Co. has emerged from bankruptcy, it is reportedly expected to name Peter Liguori as its new CEO, replacing Hartenstein.

Breaking News
Cumulus Launches Classic Hip Hop 98.3 The Vibe
CBS RADIO Names Sam Rogers VP, National Sales & Corporate Partnerships
October 5, 2015
Beasley Media Group Announces Actions Against Todd Clem AKA, ‘Bubba The Love Sponge’
iHeartMedia Presents "iHeartRadio Jingle Ball 2015 Concert Tour"
Steve Mills Named iHeartMedia’s Chief Information Officer
Puff Daddy Brings Bad Boy To Epic Records
Charlamagne Tha God Renews With iHeartMedia
In Brief - October 5, 2015
October 2, 2015
2015 NAB Marconi Radio Award Winners Announced
In Brief - October 2, 2015
October 1, 2015
Cumulus Announces Programming Moves In Indianapolis & Atlanta
iHeartMedia Savannah Names Jonathan "JR" Reed Program Director At WAEV
Concord Bicycle Music Announces Major Strategic Investment In Razor & Tie Enterprises LLC
Nielsen & Westwood One Renew Relationship
September 30, 2015
Sean Atkins Named President Of MTV
The T.J. Martell Foundation Annouces The Clive Davis Research Fellowship Award
Cox Media Atlanta Names Tripp West Music Director/Midday Host On B98.5
In Brief - September 30, 2015
September 29, 2015
Cumulus Media Appoints Mary G. Berner CEO
iHeartRadio Music Festival Makes Billions Of Impressions On Social Media
Cox Media Group Jacksonville Launches New Easy 106.5
HD Radio Technology Expands Automotive Offerings
In Brief - September 29, 2015
iHeartMedia Tucson Names Carl Anderson Market President
iHeartRadio Jingle Ball Tour Returns Presented by Capital One
Music News
Selena Gomez Maps Out Revival Tour
Fetty Wap Debuts Atop Billboard 200 Chart
Quick Hits: Miley Cyrus & Flaming Lips, Will Smith, Maynard James Keenan, Ben Folds
Deluxe Edition of Sam Smith's In The Lonely Hour Announced
Quick Hits: Selena Gomez, Miley Cyrus, Megadeth, Beastie Boys
Quick Hits: Fifth Harmony, Train's Pat Monahan, Seal, Roger Waters
Beyoncé, Jay Z & Prince Headlining Massive TIDAL X Charity Concert
Quick Hits: The Who, Ed Sheeran, Bleachers, American Music Awards, Katy Perry / Sting, Austin City Limits
Quick Hits: Nicki Minaj, Lady Gaga, Kendrick Lamar
Seven New Albums Debut In Billboard 200's Top Ten
Quick Hits: Kelly Clarkson, Fetty Wap, Corey Taylor
CeeLo to Drop Heart Blanche in November
The Week In Review: 9/21-9/25
Quick Hits: Pearl Jam, Muse, OMI, Collective Soul
Kanye West's Swish Could Be a Year Away

Mark Adams
San Francisco

Search FMQB.com
FMQB Member Login

Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!