FCC votes to lift broadcast ownership cap
The FCC on Thursday voted 2-1 to eliminate the national TV ownership cap rule that bars a single broadcaster from owning stations that reach more than 39% of U.S. TV households.Why it matters: The party-line vote clears the way for local broadcasters to merge, giving single broadcast ownership groups far more reach than they previously could have.
Reported by 1 outlet — Axios. See all sources ↓
The FCC on Thursday voted 2-1 to eliminate the national TV ownership cap rule that bars a single broadcaster from owning stations that reach more than 39% of U.S. TV households.Why it matters: The party-line vote clears the way for local broadcasters to merge, giving single broadcast ownership groups far more reach than they previously could have. FCC chairman Brendan Carr has long argued that the cap was outdated and limits the ability of broadcasters to consolidate to compete with tech firms and streamers.Zoom in: The FCC said in a statement that deals would be evaluated on a case-by-case basis that authorizes deals that satisfy the agency's public review standard. "This will empower the FCC to approve deals that promote the public interest while allowing the agency to reject any deals that do not meet that standard," it said.
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Why it matters
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- What's the story?
- The FCC on Thursday voted 2-1 to eliminate the national TV ownership cap rule that bars a single broadcaster from owning stations that reach more than 39% of U.S. TV households.Why it matters: The party-line vote clears the way for local broadcasters to merge, giving single broadcast ownership groups far more reach than they previously could have.
- How widely is it covered?
- 1 outlet, average source rating 7.0/10.
- When was it last updated?
- 2d ago.
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FCC votes to lift broadcast ownership cap
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