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.”