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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