Tribune Company Statement on Supreme Court Ruling
13th Jun, 2005 | Posted in Corporate
Tribune Company released the following statement regarding today’s ruling by the United States Supreme Court on local media ownership rules established by the Federal Communications Commission:
“The issue of cross-ownership of newspapers and television stations in the same market is now once again before the Federal Communications Commission, which has a statutory obligation to deal with it in a timely manner. We are confident that cross-ownership relief will occur for two reasons:
- The FCC’s prior decision to loosen the cross-ownership ban in major markets, and,
- The Third Circuit Court of Appeals’ affirmation of that element of the commission’s rule-making.
It is our firm belief that our readers, viewers and listeners, and the media industry will be well-served by swift resolution of this issue.”
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About Tribune Company
TRIBUNE is one of the country’s leading multimedia companies, operating businesses in publishing, digital and broadcasting. In publishing, Tribune’s leading daily newspapers include the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Sun Sentinel (South Florida), Orlando Sentinel, Hartford Courant, The Morning Call and Daily Press. The company’s broadcasting group operates 23 television stations, WGN America on national cable, the national multicast network Antenna TV and Chicago’s WGN-AM. Popular news and information websites complement Tribune’s print and broadcast properties and extend the company’s nationwide audience.