The FCC's Reckless Abandon of Media Regulation The Federal Communications Commission (FCC) has voted to eliminate a 22 year old rule capping the share of US television households a single company can reach.
In a 2 1 vote, FCC Chairman Brendan Carr and his Republican colleague Olivia Trusty joined forces to repeal the 39% limit on broadcast TV ownership, while Democratic commissioner Anna M. Gomez dissented.
The decision was largely expected, given the lobbying efforts of Nexstar Media Group, the nation's largest owner of local television stations. As part of its bid to acquire rival broadcaster Tegna in a $6.