FCC Overturns Media Cross-Ownership Rule

Law360, New York (December 18, 2007, 12:00 AM EST) -- The Federal Communications Commission voted on Tuesday to overturn a 32-year-old rule that prohibited one entity from owning both a broadcast station and a daily newspaper in the same media market.

In a 3-2 vote split along party lines, the FCC's commissioners approved a proposal to allow cross-ownership in the country's largest 20 markets.

FCC Chairman Kevin Martin pushed for the change, claiming that the new rule would allow newspapers to survive in today's age of Internet and cable news by sharing operational costs across multiple...
To view the full article, register now.