By: E&P Staff Further underlining the breakup mood at the Tribune Co. come reports today that the company's investment bankers have begun offering its top TV stations ? KTLA in Los Angeles, WPIX in New York and WGN in Chicago ? to potential buyers.
"One reason it is shopping the stations is the pending expiration of broadcast licenses," the Los Angeles Times reports today. "KTLA's eight-year license expires Dec. 1, at which time Tribune could be found in violation of Federal Communications Commission regulations banning ownership of a newspaper and a broadcast outlet in the same market, because it also owns the Los Angeles Times.
"Tribune faces the same problem in New York, where it owns Newsday and WPIX, whose license expires June 1.
"When Tribune bought The Times and Newsday in 2000, it hoped cross-ownership rules would be lifted before the licenses expired. But experts believe that the sweep by Democrats in Tuesday's election will only solidify support for ownership restrictions."
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