UPDATE: KTLA For Sale
Tribune Co. had better get some benefit now from owning both KTLA and the LA Times, as the TV station’s broadcast license expires Dec. 1. According to a story in the Business section of the LA Times, FCC regulations against cross-ownership kick in at that time.
Tribune applied for a renewal, but these things take time. And the new political climate might make this difficult for media congloms. The LAT piece, by Thomas Mulligan and Jim Puzzanghera, quotes an unnamed source:
“The chances of the cross-ownership rules being changed anytime soon just went away with Tuesday’s election,” said one executive who has expressed interest in some Tribune properties.
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