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should be applauding companies that continue to operate daily newspapers rather than saddling them with artificial and outdated regulatory burdens."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
Louie Diaz Named PD At KLIF/Dallas
In Brief - August 29, 2014
The Week In Review: 8/24-8/29
August 28, 2014
NuVoodoo Releases Social Media Findings Of Ratings Prospect Study
T-Mobile's Music Freedom Expands With Six New Music Streaming Services
In Brief - August 28, 2014
August 27, 2014
STRATA Survey: Ad Agencies’ Interest In Digital Video Jumps 45% From A Year Ago
In Brief - August 27, 2014
August 26, 2014
Scott Carter Promoted To SVP/Marketing At Epic Records
CCM+E Nashville Debuts ALT 98.3
CBS Radio, Townsquare Media Partner To Create The Michigan News Newtwork
Stacey Thomas Appointed Director, Media Integration For CCM+E Philadelphia
In Brief - August 26, 2014
August 25, 2014
Lance Houston Named New PD Of Boston's 101.7 The Bull
In Brief - August 25, 2014
August 22, 2014
eQB NOW
The Week In Review: 8/18-8/22
Chris Edge Adds PD Duties At WDCG/Raleigh
SoundExchange Q2 Digital Radio Report Highlights Digital Radio Transformation
In Brief - August 22, 2014
August 21, 2014
NuVoodoo Ratings Prospect Study Reveals Broadcast Radio Beats Pandora For Music Satisfaction
CBS Radio Adds To Sports Programming Leadership Team
iHeartRadio Survey: Carrie Underwood Music’s Best Female Role Model
In Brief - August 21, 2014
Music News
Bicoastal Made In America Festival A Success
MTV VMAs Spike Sales For Beyoncé and More
Quick Hits: Bruce Springsteen, John Legend, Shakira
The Week In Review: 8/24-8/29
Quick Hits: Chris Brown, Weezer, Miley Cyrus, Brandon Flowers, Paul McCartney, Bob Dylan
Wiz Khalifa Earns First #1 Album, Taylor Swift Debuts At #1 With New Single
Quick Hits: Ariana Grande, Kings of Leon, Lady Gaga, Neil Young
Usher Slowly Revealing Tour Plans
Quick Hits: Bad Boy Records, Ty Dolla $ign, Gerard Way, Bob Dylan
Beyoncé, Miley Cyrus Rule 2014 MTV VMAs
Slipknot Unmasks Details of The Gray Chapter
Quick Hits: Eminem & Shady Records, Ed Sheeran, Prince, Grouplove, Cobra Starship
Quick Hits: Jessie J, Foo Fighters, Mariah Carey & Nick Cannon, Genesis, Fall Out Boy
The Week In Review: 8/18-8/22
Nickelback Signs With Republic Records
FMQB NOW

Jeff Sottolano
Director of Programming
CBS Radio

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

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