The Financial Times is reporting that the Senate may use a rarely used congressional “resolution of disapproval” that would overturn all of the new media ownership regulations approved by the Federal Communications Commission in June.
The rules — which were heavily lobbied for by the major TV networks — are expected to result in great media consolidation.
North Dakota Senator Byron Dorgan said, “The FCC’s action was one of the most complete cave-ins to corporate interests I’ve ever seen by what is supposed to be a federal regulatory agency.” He went on to say “The FCC ignored the public in their process. In Congress the public interest will be served.”