Vertical spacing of Media Object HTML text - both when displayed and when printed in BI Publisher

OK, taking a stab in the dark here.

Summary:

I have an issue with the vertical spacing of Media Object text - both when displayed and when printed in BI Publisher.

Background:  I've come up with a method of retrieving / printing (in a UBE -> embedded BI Publisher) Media Object Text with it's original formatting (Fonts, colors, bullets, etc) - i.e. the HTML format is passed thru to BI Publisher. 

The Issue:

If I (or user) enter the text directly into the Media Object when displayed or printed its spaced at about 1 1/4 - 1 1/2 line spacing / height which is non-optimal on its own.