Tuesday morning as I scanned my usual news sources I ran across a story regarding Senator Trent Lott’s attempt to stall the FCC waivers granted to the Tribune Company for an additional six months. As I watched the Tribune stock price erode this week, I actually thought the U.S. Senate had some muscle. But, the Tribune stock has shot up like a rocket this morning after the company announced a reduction of $500 million in debt, so the deal will indeed be consummated.
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