DAILY NEWS SALE PAVED WAY FOR TIMES PURCHASE.Byline: Daily News The Tribune Co. has been a major player in the Los Angeles news media market ever since 1973, when it bought the Daily News of Los Angeles - then the Valley News and Green Sheet, which was published four days a week as a free newspaper. The Daily News was converted to daily circulation in 1979 and became a paid-subscriber paper in 1981. In May 1985, the Tribune Co. bought KTLA KTLA KCBS TV in Los Angeles (Channel 5) and, under Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. rules banning cross-ownership in a media market, was required to sell the Daily News. Seven months later, cable systems entrepreneur and sports franchise owner Jack Kent Cooke Jack Kent Cooke (25 October, 1912 – 6 April, 1997) was a Canadian-American entrepreneur who became one of the most widely-known executives in North American professional sports. bought the Daily News for $176 million in cash. After his death, William Dean Singleton's MediaNews Group completed purchase of the paper in January 1998. The Tribune's re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the into the Los Angeles newspaper market again while owning a TV station no longer raises such serious questions because FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. rules on cross-ownership have eased. |
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