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FCC approves transfer of Tribune Co. broadcasting licenses

SAN FRANCISCO (Dollar Drops) — The Federal Communications Commission approved the transfer of Tribune Co.’s broadcasting licenses to Sam Zell, The Tribune Employee Stock Ownership Plan, and EGI-TRB LLC, the commission and the company said Friday. The commission also approved the extension of cross-ownership waivers in markets where the company owns both a television station and a newspaper. Tribune expects its going-private process to be completed by the end of the year.

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This entry was posted on Friday, November 30th, 2007 at 5:59 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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