'L.A. Times': Tribune Deal in Peril -- Stock Slides

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By: E&P Staff There may be trouble in Tribuneland.

Tribune Co. stock fell the hardest in five years on Friday after the Los Angeles Times reported that the planned Sam Zell $8 billion purchase may be in endangered.

The Federal Communications Commission is considering possible changes in media-ownership rules that may delay the Tribune deal from closing on time, the Times said.

Tribune needs a waiver against owning a newspaper and TV station in the same market. (It owns KTLA and the Times.) The FCC plans to vote on eliminating the ban on Dec. 18, the Times reported.


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