Sent: Friday, October 19, 2007 1:46 PM
Subject: FCC review process
Dear Fellow Employee,
During the last two days, you may have seen some of the stories about the Federal Communications Commission’s ongoing review of local media ownership rules. There has been a great deal of speculation about the FCC’s process and its impact on our going-private transaction. Two months ago, however, FCC Chairman Kevin Martin told a congressional oversight committee he expected that during the fourth quarter the commission would vote on our request to transfer our TV licenses and extend our waivers in markets where we own both a television station and a newspaper. We continue to believe that the commission will act within the chairman’s stated timeframe, enabling the company to close the going-private transaction before the end of the year.
In the meantime, let’s continue to focus on serving our readers, listeners, viewers and advertisers in the best way possible.
Sincerely,
Posts
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