FCC Votes to Repeal National Broadcast Ownership Cap

“The Federal Communications Commission voted to repeal the national broadcast ownership cap and replace it with a case-by-case review, approving the measure by a 2-1 margin on Thursday,” The Wrap reports.

“The cap, which was implemented by Congress in 2004 to prevent monopolization, limits entities from owning or controlling broadcast television stations that, in the aggregate, reach more than 39% of TV households in the United States.”