Deals
FCC to Review TV Station Ownership Cap
- Pai asks FCC commission to consider scrapping 39 percent cap
- Proposal may lead to more media mergers like Sinclair-Tribune
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Federal Communications Commission Chairman Ajit Pai said the agency will consider altering and possibly killing a national limit on TV station ownership, in a move that may lead to more media mergers such as Sinclair Broadcast Group Inc.’s proposed purchase of Tribune Media Co.
Pai, a Republican, said he had asked fellow commissioners to begin examining changes to the cap set by Congress that limits any broadcaster to owning stations that reach 39 percent of the country.