Law360, New York (March 23, 2010, 7:24 PM ET) -- A federal appeals court has ruled to lift the stay on the Federal Communications Commission's controversial cross-ownership rule, freeing up companies to purchase both a broadcast station and daily newspaper in the same media market — at least for now.
The U.S. Court of Appeals for the Third Circuit issued a brief ruling Tuesday lifting its stay of the 2008 FCC order that loosened media ownership restrictions.
The rule is a holdover from President George W. Bush's administration and had drawn fire from citizens' groups organizations...
3rd Circ. Lifts Stay On FCC Cross-Ownership Rule
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