Media Ownership Rules in the US are to be Reviewed. From Dow Jones Wires. October 19, 2001
Oct 20, 2001
Michael K. Powell, chairman of the Federal Communications Commission said Friday in Hollywood California that the FCC is currently reviewing regulations that bar companies from owning both television stations and newspapers in the same market, and that limit the size of cable-TV operators.
According to Powell, who previously served as the chief of staff of the antitrust division in the U.S. Department of Justice in the Clinton administration, "[T]he rules were written 30 years ago when there was an entirely different economy. A lot of the rules had their genesis when cable was not a significant contributor," and VCRs and DVDs hadn't existed and the "Internet was science fiction. They deserve to be challenged."
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