Why The Telecom Bill Is In Slo Mo

Edward K. Christian isn't the type of executive to leap blindly into a business deal. Since July, the CEO of Detroit-based Saga Communications Inc. has been shopping for more radio stations to add to the 25 he already owns. He was banking on congressional passage this year of an overhaul of the nation's communications laws--reforms that would lift limits on the number of stations one company can own. But suddenly, Christian has put his deals on hold. "I can't make business decisions based on maybes," he says.

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