FCC to vote on media ownership

The Federal Communications Commission could approve a proposal today that would overturn a 32-year-old ban and allow broadcasters in the nation's largest media markets to also own a newspaper, according to the Associated Press.
The plan is from Republican Chairman Kevin Martin who says the change is a "relatively minor loosening" of the rule.
Cross-ownership was banned by the FCC more than 30 years ago to promote diversity and economic competition.
The Associated Press reports that under Martin's proposal, "one entity would be permitted to own a newspaper and one broadcast station in the same market. But it must be among the 20 largest in the nation and following the transaction, at least eight independently owned-and-operated media voices must remain. In addition, the television station may not be among the top four in the market."
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