Tribune Co., publisher of the Chicago Tribune's ``RedEye'' edition, lost a court bid to stop News Corp. (NWSA:US) from using that trademarked name for a Fox News Channel late-night show.
``The only similarities between the products are the fact that both involve a media used to deliver news,'' U.S. District Judge Elaine Bucklo ruled yesterday, rejecting Tribune's request to block use of RedEye pending a trial of the trademark dispute. She scheduled a trial for Aug. 6.
Chicago-based Tribune Co. on April 2 said it would be sold to billionaire Sam Zell and company employees for $8.2 billion. Tribune, with $5.51 billion in 2006 sales, ranks second to Gannett Co. among U.S. newspaper publishers.
``We're disappointed with the ruling because we believe we have a strong case,'' said Brad Moore, general manager of Tribune's RedEye, in an e-mailed statement.
Dana Klinghoffer, a New York-based Fox News spokeswoman, said her company was ``happy'' with the ruling.
Shares of Tribune rose 7 cents to $32.83 in New York Stock Exchange composite trading at 4:01 p.m. News Corp. rose 8 cents to $23.36.
The case is Chicago Tribune Co. v Fox News Network, 07-cv- 00865, U.S. District Court for the Northern District of Illinois (Chicago).
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