Finally, some movement on the TribCo/Cubs sale.

Tribune Co. said late Friday that the Federal Communications Commission — in a move that could play a crucial role in the company’s planned $8.2 billon leveraged buyout — has approved “cross-ownership” waivers in markets where the company owns both a television station and a newspaper.
Tribune said its going-private transaction is “expected to close by year-end,” following satisfaction of certain remaining closing conditions.

This entry was posted on Friday, November 30th, 2007 at 6:24 pm and is filed under Cubs For Sale. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.