US ends cap on local TV station owners amid concerns of media consolidation

Critics say the 39 percent cap was a safeguard against excessive concentration of media ownership in the US.

US agency ends 39% household cap on local TV station owners  Reuters

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