07.25.2003 12:00 PM
Originally featured on BroadcastEngineering.com
House blocks media ownership rules
The House voted 400-21 Wednesday, July 23, to block the FCC's new media ownership rules. The new rules would allow companies to serve up to 45 percent of the country's viewers, instead of the current 35 percent.
The broadcast industry is split over the national ownership cap. The networks want it raised even higher than 45 percent so they can own more stations. Individual station owners want to retain the 35 percent cap, fearing that the networks will gain too much market power with greater ownership.
For more information visit www.fcc.gov
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