Big Media S Big Headache
Their forceful opposition to Big Media persuaded the House of Representatives last week to, in effect, overturn a recent ruling by the Federal Communications Commission that would have relaxed media ownership rules, allowing companies like Viacom and News Corp. to own TV stations that reach 45 percent of the national audience, up from 35 percent. If the House’s vote becomes law, it could mean Viacom and News Corp. will have to sell some stations to get back under the cap....