So is Las Vegas taking odds on the FCC media ownership case?

Posted by Mitchell - April 15, 2005 (entry 297)

Crain's Chicago Business published one hilarious article in which the Tribune and Gannett complain that, fiddle-dee-dee, this fussy cross-ownership rule is still here in place and preventing us from making money. Of course, there's still that little matter of the Tribune breaking that rule four times over nationwide, but never mind.

Where it gets weird is that it quotes Gannett head honcho Douglas McCorkindale who says a 50% chance that the Supreme Court would hear the case which struck down the cross-ownership overturn. Those odds are actually probably more like a fraction of a percent, if that, seeing as how the FCC and White House haven't given their blessing on the appeal and their odds are dramatically reduced. But this is of course all a sideview to figuring out the odds on who the next pope will be.

Speaking of the pope and the media, you should go read this article on ZNet by Mike Whitney.

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