2017-10-25bloomberg.com

Chairman Ajit Pai told Congress he'll ask the FCC, where he leads a Republican majority, to eliminate the rule barring common ownership of a newspaper and nearby broadcast station, and to revise restrictions on owning multiple broadcast outlets in a single market.

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Relaxed rules could help Sinclair Broadcast Group Inc., which earlier told the FCC that its proposed $3.9 billion purchase of Tribune Media Inc. would violate local-market ownership strictures in 10 cities.

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Broadcasters eager to consider merger deals have chafed under the ownership restrictions. The rules were written to guarantee a diversity of voices for local communities, and broadcasters say they're outdated in an era of media abundance featuring cable and internet programming.



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