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merriefollowshare
5-16-2008 10:19 PM214 views
merrie says:
"Today the Senate stood up to Washington special interests by voting to reverse the FCC's disappointing media consolidation rules that I have fought against," he said. "Our nation's media market must reflect the diverse voices of our population, and it is essential that the FCC promotes the public interest and diversity in ownership."

The FCC decision allows one company to own a newspaper and a broadcast station in the nation's 20 largest metropolitan areas. The TV station may not be among the top four in the market, and post-transaction, at least eight independent media voices must remain. The rule replaced an outright ban on cross-ownership.

The FCC's media ownership decision has been met with opposition on both sides. The newspaper industry has complained that the FCC did not go far enough, while activists who want to keep big media companies from getting bigger said the agency went too far.
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