Google the lastest news for Tribune (TRB) and you begin to realize why the stock is trading at just under $31 even though it's supposed to be bought for $34.....
Teamsters Call on FCC to Protect Diverse and Local Viewpoints at ...Earthtimes.org
Law Firm Objects To Tribune Sale Streaming Magazine
Groups oppose Tribune waivers Chicago Tribune
Group seeks to block Tribune sale Los Angeles Times
Ventura County Star (subscription) - CNNMoney.com
Beyond the opposition, let's not forget the recent rise in rates. Sam Zell has made a personal investment toward this deal, but it will be interesting to see how it gets done.