The Federal Communications Commission has voted to keep in place its rules that prohibit media companies from owning newspapers and TV or radio stations in the same market, rejecting lobbying from the newspaper industry, that argues the limits are outdated.
n 1975, the FCC, seeking to ensure diversity of voices and opinion in local media, passed the current cross-ownership rules. The FCC reviews the rules every four years, and media companies have fought for years to change or relax them to pursue business diversification. Media companies argue that the rules are no longer effective given that consumers now have a multitude of news options in the digital era. The FCC voted Wednesday to keep the rules.Read More