|
When Zell completes the buy out, his investment in the
company will increase to $315 million. He will become
the chairman of Tribune.
In
approving the deal, the agency granted Tribune a temporary
waiver on rules barring ownership of both a newspaper
and a broadcast station in the same city in four markets
and a permanent waiver for the city of Chicago.
Tribune
is owner of The Los Angeles Times, The Chicago Tribune,
KTLA-TV Channel 5, the Chicago Cubs, nine other dailies
and 23 television stations. |
