The United States Supreme Court yesterday released its decision upholding the FCC’s 2017 changes to its ownership rules in the FCC v. Prometheus Radio Project case. The practical result of this decision is that the newspaper-broadcast crossownership prohibition will end. We certainly do not think that any future FCC would try to reinstate the crossownership ban given the current state of the newspaper industry. Also abolished in 2017 and now formally ended are the radio-television crossownership restrictions.
Six months after the merger of two Top Four non-failing stations under Gray ownership, increased news offerings and wider signal coverage are among the results.