FCC Removes Key Limit On Media Ownership, Raising Potential For Major Consolidation Of Broadcast TV Stations

The FCC removed a key constraint on broadcasters’ ability to consolidate stations, voting to repeal an ownership cap put in place to try to limit to power of any one media company. The FCC’s 2-1 vote on Thursday was to repeal a restriction that limits companies from owning stations reaching more than 39% of TV…