Thursday, June 14, 2007

Tribune buyer lobbies for cross-ownership waivers

Chicago financier Sam Zell made the rounds on Capitol Hill this week, drumming up support for a buyout of Tribune Co. in an effort to pressure federal regulators to grant waivers necessary to own both newspapers and TV stations in Los Angeles and four other cities.
The lobbying trip came as the public comment period for Tribune's waiver requests ended Monday. The requests have drawn opposition from several groups, including the United Church of Christ, the Consumer Federation of America and the Teamsters, which represents about 2,000 company workers.
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