FCC Repeals Longstanding Rule Limiting Single Company's Reach in U.S. Television Market

The Federal Communications Commission (FCC) has voted 2-1 to eliminate a 22-year-old rule that capped a single broadcast company's ownership at 39% of U.S. television households. This decision, which faced opposition from the FCC's lone Democrat, could pave the way for increased corporate consolidation within the media and television industry. The FCC argued that the cap no longer serves its original purpose and hinders local broadcasters' ability to compete effectively.