more:
http://www.rawstory.com/news/2006/FCC_plans_relaxation_of_media_ownership_0531.htmlFCC plans relaxation of media ownership rules, watchdogs say
John Byrne
Published: Wednesday May 31, 2006
Move to allow more consolidation could come as soon as June 15
The Federal Communications Commission is poised to propose new media ownership rules that will allow media companies to own newspapers, television and radio stations in the same city, according to media watchdog groups.
The proposed rule would dissolve a longstanding policy that prohibited corporations from owning a television station and a daily newspaper in the same market. The "cross ownership" rule, promulgated in 1975, was enacted to ensure media diversity.
Individuals close to the Commission say the FCC will propose relaxing media ownership rules, possibly as soon as June 15 when the Commission next meets, the media watchdog Free Press says.