On Monday Congress backed down on its strong opposition to the new media ownership regulations of the Federal Communications Commission by agreeing to a compromise with the White House. The compromise lifts what is known as the tv ownership cap from 35 to 39 percent. This will allow ABC and NBC to be able buy more television stations. CBS and Fox will not be able to because they were already over the existing cap. If Congress had enforced the 35 percent cap, CBS and Fox would have been forced to sell off stations. Gene Kimmelman of the Consumers Union said QUOTE “This is a backroom deal to let the two largest networks keep all of their stations.”
Congress Caves In To White House On FCC Rules
HeadlineNov 25, 2003