The regulations, which forbid ownership of a newspaper and TV station in the same market, have jeopardized Zell's leverage buyout because Tribune's waiver was threatened by the change of ownership. Tribune received the waiver because it owned both newspapers and TV stations before the rule was established.
With the four Republican commissioners likely on board with Martin's plan, will the Democratic FCC commissioners, Michael Copps and Jonathan Adelstein, be the Grinches who steal Zell's Christmas? — Matthew Wurtzel
See story from the Los Angeles Times
See story from The Hollywood Reporter
See Dealwatch: Tribune
