With all the bad news Tribune has taken the past few years I was happy to finally hear something positive, and naturally shared this with a few co-workers.
The ban on media companies owning television stations and newspapers in the same city has not been lifted, but the chairman of the FCC would like to see it lifted.
Yet, yesterday I was told that I had said the ban was indeed lifted already. Funny how things get turned around so quickly.
I remember a game we played in grammer school, our teacher would gather the class into a circle, and wisper something into the ear of a student. In turn the student would wisper into the ear of the child next to them, and so on, till the message made a complete circle within the class.
The last student would tell the class what they heard, and it was never what the teacher had started with. This is what happened at work yesterday, and it brought this game to mind.
If and when the cross ownership ban is lifted the Tribune stock price may start an upward trend.
And lastly, A wise man gets more use from his enemies than a fool from his friends.