FCC votes to ax rule limiting local TV station ownership in move that could spark industry deals

The FCC has limited the number of stations local broadcast station owners can own since 1941 and most recently raised the cap to 39% in 2004.

WASHINGTON, Aug 6 : The Federal Communications Commission voted Thursday to rescind the rule that bars local broadcast station owners from reaching more than 39 per cent of the total number of U.S. TV households in a move that could help spark industry consolidation.The FCC voted 2-1 to lift the cap in favor of a new c