Ajit Pai - TVSpy http://www.mediabistro.com/tvspy And Now The News... About Local News Copyright 2013 Fri, 24 May 2013 15:44:20 +0000 http://blogs.law.harvard.edu/tech/rss http://wordpress.org/?v=3.4.1 Tribune Company Cleared to Exit Bankruptcy Tribune Company, the Chicago-based owner of several newspapers and 23 television stations, announced on Friday it has received approval needed to end its four-year bankruptcy proceedings.

“This decision will enable the company to continue moving forward toward emergence from Chapter 11, a process we expect to complete over the course of the next several weeks,” Tribune CEO Eddy Hartenstein said in a statement.

Tribune has cross-ownership of television stations and newspapers in five markets — Chicago, New York, Los Angeles, South Florida and Hartford — under exceptions to a 1975 FCC rule. Federal regulators have granted Tribune a permanent waiver in Chicago and extended waivers in the other four markets, allowing the company to continue cross-ownership. continued…

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]]> Merrill Knox http://www.mediabistro.com/tvspy/tribune-company-cleared-to-exit-bankuptcy_b70169#disqus_thread http://www.mediabistro.com/tvspy/tribune-company-cleared-to-exit-bankuptcy_b70169 http://www.mediabistro.com/tvspy/?p=70169 Mon, 19 Nov 2012 11:18:50 +0000