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FCC May Change Media Co. Ownership Rules
- Bloomberg, Friday, December 23, 2011 12:29 PM
The Federal Communications Commission proposed a rule change that would ease restrictions on one company owning both a TV station and a newspaper in a top U.S. market. Under the new regulations, existing caps on joint TV and radio station ownership would remain. The FCC has not set a date to vote on the proposal yet.
"Approval of the FCC action may spur acquisitions, increasing the value of media companies," write Eric Engleman and Chris Strohm.
