FCC to repeal 39% TV ownership cap in boost for Trump-friendly news orgs

In a move that has sparked controversy in the media industry, Federal Communications Commission (FCC) Chairman Ajit Pai has announced that the agency has the authority to repeal the long-standing rule limiting the number of television stations a single company can own. The rule, which was first introduced by Congress in 1975, restricts a single entity from owning more than 39% of the national television market.

According to Pai, the FCC has the power to revisit and revise the rule, citing a 1996 law that gave the agency the authority to review its regulations and make changes as necessary. Pai's announcement comes as part of a broader effort by the FCC to roll back regulations and promote deregulation in the media industry. Critics, however, argue that the move would allow large media conglomerates to further consolidate their power and limit competition, potentially harming consumers and local communities.

The proposed repeal is expected to face significant opposition from lawmakers and advocacy groups, who argue that the rule is essential for promoting diversity and competition in the media landscape. The FCC is set to vote on the proposal in the coming weeks, with Pai's fellow commissioners expected to weigh in on the issue. The outcome of the vote will have significant implications for the media industry and the future of television broadcasting in the United States.