Committee OKs Bill To Kill FCC Ownership Rules

Law360, New York (April 24, 2008, 12:00 AM EDT) -- A resolution aimed at blocking the Federal Communications Commission's controversial media cross-ownership rules cleared a U.S. Senate committee on Thursday with a unanimous vote.

Adate has not yet been set for a Senate-wide vote on the “resolution of disapproval.” But the measure's sponsors are pushing to have the procedure expedited in an effort to thwart a set of rules that could open the door to widespread consolidation in the media industry.

“Today's action by the commerce committee was a step in the right direction,” said Sen....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.