(Reuters) - Tribune agreed in April to be bought in a $34-a-share
leveraged buyout deal led by Chicago real estate magnate Sam
Zell.
Under current FCC rules, a single company cannot own both a
daily newspaper and a broadcast outlet in the same market,
although several companies with cross-ownership markets were
either grandfathered around the ban or received a waiver that
allowed them to own both, wrote analysts at Deutsche Bank in a
recent research note on Tribune.
Read more at Reuters.com Mergers News
leveraged buyout deal led by Chicago real estate magnate Sam
Zell.
Under current FCC rules, a single company cannot own both a
daily newspaper and a broadcast outlet in the same market,
although several companies with cross-ownership markets were
either grandfathered around the ban or received a waiver that
allowed them to own both, wrote analysts at Deutsche Bank in a
recent research note on Tribune.
Read more at Reuters.com Mergers News
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