Hartford Courant from Hartford, Connecticut • 33

iViin am 0.02, 5.60 $267.20 $0.10, $27.73 THE HARTFORD COURANT WWW.CTNOW.COM TUESDAY, AUGUST 7, 2001 SECTION Tribune in Connecticut Tribune Co. which owns both The Hartford Courant and WTIC Fox-61 TV has received the FCC's approval to buy WTXX WB20-TV, which it now manages. But regulators at the same time said Tribune may have to sell Channel 20 within six months because of media cross-ownership rules. 3 FCC Lets Tribune Buy Waterbury TV Station But Decision Might Require Sale Within Six Months Commissioner Michael J. Copps said he was "extremely troubled" by the prospect of one company owning two television stations in a small market But he wrote: "It seems to me better for one company to own two stations in this market than for one of those stations not to exist at alL" The 5-0 ruling, issued Friday, paves the way for Tribune to buy the station from Counterpoint Communications.

No sales price was disclosed. But while the FCC was considering the petition. Tribune last year completed its purchase of Times Mirror, which gave it control of The Courant That im IF THEY DON'T TEACH COLLEGE-BOUND TEENS ABOUT MONEY plicated a second FCC rule that generally bars cross-ownership of newspapers and television stations in the same market Tribune's dual ownership of The Courant and WTIC is not expected to come before the FCC until WTIC's license renewal in 2007. But the FCC said the cross-ownership rule applied immediately to PLEASE SEE TRIBUNE, PAGE E2 DALLAS MORNING NEWS conversation at the family's kitchen table in manage his money when he gets there. une's request for permission to buy WTXX, a struggling Waterbury station, while also owning WTIC, Channel 61, in Hartford.

Federal rules typically prohibit companies from owning two television stations in the same market, but the FCC agreed that the Tribune purchase represented WTXX's best chance for survival. PARENTS WILL PAY CAROL WHITE and Duncanvllle, Texas. inn i in, her son, Kingston, Kingston, 18, will rA'A' Air i. I By MATTHEW KAUFFMAN COURANT STAFF WRITER The Federal Communications Commission has approved Tribune planned acquisition of WTXX, Channel 20. But in the same breath, the agency appears to have ordered the company to give the television station up within six months.

The complicated ruling follows Trib Market Loses Nerve Again By AMY BALDWIN ASSOCIATED PRESS NEW YORK Sullen investors sent stocks lower Monday, forcing the Dow Jones industrials down more than 100 points as Wall Street retreated from last week's optimism about a recovery in the semiconductor industry. Uncertainty about the economy and earnings ruled the market after Salomon Smith Barney reduced its profit and revenue targets for Intel, and Lehman Brothers said the chip maker will cut prices in half on its Pentium 4 processor. The news disturbed investors, who last week bid chip stocks higher on bullish comments from other analysts and Intel itself. "Whenever we think we can go back in and play again, something like this happens," lamented Charles Pradilla, chief investment strategist for SG Cowen Securities. The Dow Jones industrial average finished the session down 111.47, at 10,401.31.

One of the Dow's biggest losers was Intel, which ended down $1.40, at $30.28. The market's broader indicators also declined. The Nasdaq composite index fell 32.07. to 2,034.26. and the Standard Poor's 500 index fell 13.87, to 1,200.48.

Stock prices had been expected to trend higher this month as investors got a respite after the dismal second-quarter earnings results that most companies released in July. Instead, Wall Street has been stymied, as few companies can say they expect business to improve, and virtually none can prove that it already has picked up. "There is just no indication that this market will turn on a dime," said Alan PLEASE SEE STOCKS, PAGE E2 Housing Second In Nation A Decade FROM STAFF REPORTS Housing values in Connecticut have dropped In the past decade, but they still rank the state among the top 10 in the nation, newly released census figures show. Connecticut's $166,988 median housing value in 2000 places the state seventh, behind Hawaii, California, Massachusetts, New Jersey. Washington and Colorado, figures released Monday show.

Ten years ago, the median housing value In Connecticut was $177,800, the SET UP YOUR OWN listen as White's husband, Philip, explains how he manages his checkbook during a go to Brigham Young University in the fall, and his parents want him to know how to A LESSON OF VALUE there to monitor things. "Moving away from home for the first time is a pivotal moment in your life," said Dara Duguay. author of "Please Send Money! A Financial Survival Guide for Young Adults." "It is one of the rites of passage to becoming an PLEASE SEE BANK, PAGE 16 es. Now's the time to be talking to your child about the Bank of Mom and Dad that it's not open 24 hours a day, and it definitely is not an unlimited cash machine. Your collegian will have to learn to live within his or her means, and you'll have to give your child the mental foundation for doing so because you won't be By PAMELA YIP DALLAS MORNING NEWS DALLAS If you've got a teenager who will be starting college in the fall, he or she is not the only one who will be undergoing that memorable rite of passage.

So will you, and if you're not prepared, you can find yourself paying for more than the education expens Values Slip In State Ago, Connecticut Now Sefenth, Census Data Show Intrusive Seeing No By BRIAN STEINBERG DOW JONES NEWS SERVICE Advertisers Boundaries may soon be difficult now that product placement In programs has started to ramp up. Even going to the bank machine can have Its price: watching a 30-second commercial unfurl before any cash is dispensed. In short, Madison Avenue knows how to get In your face and It won't step back. There are so many opportunities to inflict your message on the unsuspecting consumer," said Jeff PLEASE SEE AOS, PAGE of the 1990s." High median housing values also indicate that homes in a state are larger, more expensive, and indicate that the cost of living is high, Van Winkle said. The highest median housing values are found in: Hawaii, California, Massachusetts, New Jersey, Washington.

Colorado. Connecticut District of Columbia, New York. and Oregon, $149,807. The median housing value for the United States Is $120,182. NEW YORK Advertisers of all stripes are taking the old mantra, "Reach out and touch someone," to the nth degree.

New and Invasive technologies, as well as Intense pressure to stand out from the pack, are encouraging advertisers to act more boldly than ever before. The Internet has its pop-ups and pop-unders. Ready to break for a commercial? Doing so while watching TV second-highest in the nation behind only California, according to the 2000 Census. Ron Van Winkle, a West Hartford economist, said the drop in median housing values followed the hot real estate market of the late 1980s. Then, housing prices were climbing at 20-plus percent a year.

It just began to turn in 1990, so the decline didn't appear in the 1990 Census, but the hot market did." he said. "We are getting closer to where we were, but the state hasn't yet been able to make up for the sizable loss we saw during the depression throughout most STOCK PORTFOLIO ON-LINE nOVCQiTr VISIT WWW.CTNOW.COM AND PERSONALIZE THE HOME PAGE STOCK TRACKER..