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The changes to FCC policy have eased restrictions that bar a single
company from owning more than one television station in larger markets
or from owning a newspaper and a radio or television outlet. The
new rules allow companies to own two stations in most markets (the
smallest markets are excluded) provided one is not in the top four
based on ratings and as long as there are still at least five other
station owners in the market.
Additionally, the FCC has for the first time allowed three-station
combinations in New York, Los Angeles, Philadelphia, San Francisco,
Boston and Dallas, in which 18 or more stations are on the air.
The two Democrats on the FCC had opposed easing media ownership
limits, arguing that it would concentrate ownership in the hands
of a few, reduce the diversity of viewpoints and stifle reporting
of local news.
With this vote, years of lobbying the FCC on the case by executives
of every major media company, including Sumner Redstone's Viacom
(CBS), General Electric (NBC), Disney (ABC), Rupert Murdoch's News
Corp (Fox), and Tribune have finally borne fruit.
The matter does not end here however. The case for and against
media ownership will inevitably come before Congress and probably
the courts.
The FCC Meeting was televised/Webcast live on C-SPAN, and Webcast
live from the FCC Web Site.
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