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Thursday, June 19, 2003
Wahoo!
Senate Committee Votes to Overturn FCC Ruling: The Senate Commerce Committee voted today to overturn a recent Federal Communications Commission raising the national broadcast ownership limit to 45 percent. Under the legislation approved by the Commerce Committee, the cap would be rolled back to 35 percent of the nation's TV households. The committee also approved a measure that overturned the part of the FCC decision that relaxed rules prohibiting broadcasters from acquiring newspapers in their markets. Under the legislation approved by the committee, the newspaper combos would generally be barred. But under waivers they could be granted in the 60 smallest markets if those mergers are considered to be warranted in the public interest. Now we just gotta get it through Congress...
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