The U.S. Federal Communications Commission will vote at its November meeting to rollback landmark media ownership regulations that limit the ability of companies to own multiple TV stations and newspapers in the same market and remove other restrictions, Chairman Ajit Pai told a congressional panel Wednesday.
The move would be a win for newspaper companies and broadcasters that have pushed for the change for decades, but was criticized by Democrats who said it could usher in a new era of media outlet consolidation. T
The FCC in 1975 banned cross-ownership of a newspaper and broadcast station in the same market, unless it granted a waiver, to ensure a diversity of opinions.
The FCC allowed existing ownership structures to remain in place.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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