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Saturday, October 20, 2007

Mixed Messages on Tribune Transaction

On Thursday, October 18th, the mainstream media informed the American public the Tribune deal with Sam Zell would be consummated. Yesterday, the media did a flip-flop, and questioned weather the FCC would approve the transaction, which in turn ran the price of Tribune stock down to $26.49.

I suppose us gullible readers are to believe there is actually a debate occurring regarding cross ownership of media in the same city. The Tribune Company deal will go through as planned, end of debate.

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