Media Brokers Express Disgust Over FCC Inaction
The FCC’s media cross-ownership rules, which were left intact on Wednesday following a Commission vote, prohibit the ownership of a daily newspaper and any full-power broadcast station that services the same community.
The rules were designed to limit media concentration in TV and radio.
The rules were passed when 93 KHJ in Los Angeles was the market’s leading source of contemporary hit music and music lovers were purchasing LPs and 8-Tracks of Elton John’s “Captain Fantastic & The Brown Dirt Cowboy.”
That’s why several leading media brokers RBR + TVBR spoke with are highly disappointed with the Commission’s decision to leave intact rules that were written at a time CB Radios were a hot fad.