FCC Softens Its Regulations on Buying Media Outlets, Helping Sinclair/Tribune Acquisition
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The Federal Communications Commission apparently thinks it’s a-okay for giant media corporations to buy up every local news organization in a given region and give all of them the same partisan slant.
In a 3-2 vote today, the FCC moved to back regulatory laws that had been in place for decades, allowing media outlets to be bought and sold much more quickly and easily. FCC chairman Ajit Pai—who is also an avowed enemy of net neutrality—said that through this ruling, the FCC “drags its broadcast ownership rules to the digital age.” He says that the previous regulations were a threat to smaller news organizations struggling to keep up with the changing media landscape.
But according to The Los Angeles Times, the real beneficiaries of the ruling are the executives at Sinclair Broadcasting Group, the conservative media outlet that already owns the highest number of local news stations in the country. Up until now, Sinclair had been blocked from buying up too many news outlets in one area. But now, per The L.A. Times:
One longstanding rule repealed Thursday prevented companies from owning both a daily newspaper and a TV station in the same media market. Another rule blocked TV stations in the same market from merging with each other if the combination would leave fewer than eight independently owned stations.
The FCC also took aim at rules restricting the number of TV and radio stations any media company could simultaneously own in a single market.