The Wall Street Journal is reporting that the commission is withdrawing a proposal to relax its long-standing ban on owning multiple media outlets in the same market. More than a year ago, then-FCC Chairman Julius Genachowski circulated a draft item that would have paved the way for smaller TV stations to own newspapers, a change pushed by the struggling newspaper industry. Now under Chairman Tom Wheeler, the commission said it has taken the old item off the table while it reassesses the issue. WSJ subscribers can read the article here.
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Comments (1)
Scott Schirmer says:
December 17, 2013 at 12:16 pm
There is a Reuters story that is more detailed than the WSJ piece (and free) http://www.reuters.com/article/2013/12/17/us-usafcc-mediaownership-idUSBRE9BG0DE20131217