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COPYRIGHT 2001 Daily News
Byline: Paul D. Colford
May 18--Reiterating a claim that the New York Post's financial condition "has been far from smooth sailing," News Corp. is seeking a temporary, two-year waiver of a federal law that would allow the company to keep the tabloid after buying a second local TV station.
In a filing with the Federal Communications Commission, News Corp. argues that, given the paper's "rocky financial history, a prospective purchaser will have no assurance that the Post will provide a profitable investment."
As a result, "it will likely be difficult to find...
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