FCC votes to keep most media ownership rules
Source: Reuters
The U.S. Federal Communications Commission on Wednesday voted to retain nearly all rules limiting cross-ownership of newspapers, radio and TV stations in the same market, a source familiar with the vote said.
The decision is a blow to struggling newspaper companies that have long pushed for the FCC to relax the restrictions. A spokesman for FCC Chairman Tom Wheeler did not immediately comment.
In June, Wheeler proposed retaining the existing rules barring companies in most instances from owning a newspaper and a broadcast TV or radio station in the same market, as well as other individual market limits on radio and TV stations with "slight modification," according to the summary of the proposal.
The Newspaper Association of America said in a statement in June it was "deeply disappointed" in Wheeler's proposal, saying it was "stunned that any policymaker in the internet era would propose to keep a 1970s-era law that prevents broadcast stations and newspapers from being owned by the same company."
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Read more: http://www.reuters.com/article/us-fcc-media-idUSKCN10L2M8
World | Wed Aug 10, 2016 6:39pm EDT
WASHINGTON | BY DAVID SHEPARDSON
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