WASHINGTON, D.C. In a 3-2 decision along party lines, the FCC today voted to enact sweeping relaxations of the laws regulating ownership of TV, radio and newspaper properties.
The Federal Communications Commission raised the number of TV stations a network may own; removed the prohibition on newspapers owning nearby broadcast stations; and will now allow one company to own as many as three TV stations in large cities.
FCC Chairman Michael Powell said that with its vote the commision had modernized its rules as compelled by critical federal courts, while “striking a careful balance that does not unduly limit transactions that promote the public interest.”
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