Jamming a stick into the spokes of the TV station acquisition marketplace, the FCC on Thursday proposed to eliminate its UHF discount—a long-time loophole in the agency’s national ownership rules that some broadcasters have been relying on to beef up their station portfolios. The FCC will grandfather portfolios of groups that currently exceed the nominal 39% cap and companies that have pending station acquisitions that would push them above the cap, ending today.
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