Sources: FCC Extends Tribune Waivers
Chairman also circulates media ownership item for vote
By John Eggerton -- Broadcasting & Cable, 11/14/2012 3:58:25 PM
The Media Bureau has given the commissioners a heads up that it will be issuing a decision by week's end extending Tribune's permanent waiver of the newspaper/broadcast cross-ownership rules in Chicago, and temporary waivers in New York, Los Angeles, Miami and Hartford, which will allow the license transfers to go through.
In addition, the chairman's office has circulated for commission vote an order rejecting a petition to deny the permanent Chicago waiver, filed by the United Church of Christ, the Teamsters and others.
Tribune's new ownership out of bankruptcy will have to either divest or seek new waivers under the FCC's new ownership rules once they are voted on, which could come sooner rather than later.
The chairman's office also circulated its much-anticipated quadrennial review of its media ownership rules, which proposes to loosen the newspaper/broadcast cross-ownership rules along the lines of former chairman Kevin Martin's rule changes in 2007, when the Tribune waivers were also granted.
I could see Tribune selling most of its newspapers, as well as selling most of its TV stations to settle massive debt.
Newspapers... I could picture McClatchy and Cox having interest in buying up some of them.
TV stations... I could picture Gannett getting WDCW, Belo getting KIAH and KRCW, Hearst getting WNOL, Scripps getting WGNO, Sinclair getting KPLR, Meredith getting KTXL, and News Corporation/Fox getting KCPQ, KZJO, and KSWB... to name off a few.
Eric - 11/14/2012 8:24:09 PM EST
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