The Federal Communications Commission voted to eliminate a rule Thursday that stopped any one company from owning so many TV stations that they reach more than 39% of American households. FCC Chairman Brendan Carr, a close ally of President Donald Trump, had been an advocate of the move but the lone Democratic commissioner says that only Congress can scrap the rule.
The 39% rule was established in 2004, when Congress raised the cap from 35% in the 1990s. The idea is that no single company should be able to broadcast to an overwhelming share of the U.S. population under the theory that it reduces broadcasting competition and allows just a…
Read the full article at GIZMODO.COM
