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Media companies, in general, want to be able to own lots of other media companies, regardless of whether these companies compete in the same market. But broadcasters and newspaper companies will have to wait for another day to get a hearing before the Supreme Court on media ownership rules, which have been tied up in the lower courts for decades.
The Supreme Court Friday denied petitions from a group of media companies, including The National Association of Broadcasters, Tribune and Media General, asking the high court to overturn a decision made by the Third Court of Appeals last July.
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