By: Chicago-based Tribune Company is appealing the federal action that approved its buyout but denied its request for indefinite waivers of rules against newspaper and broadcast combinations.
The media company says it filed the appeal Monday with the U.S. Court of Appeals for the District of Columbia. The legal action had been expected since last week's ruling by the Federal Communications Commission.
The FCC's rejection of Tribune's request for indefinite waivers of cross-ownership rules affects numerous markets where the company owns both newspapers and broadcast stations.
By challenging the order, Tribune gets an automatic extension of current waivers lasting for at least two years.
The company also signaled today that it remains on track to close the Sam Zell-led buyout of Tribune by the end of this month.
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