The Senate Commerce Committee yesterday approved a bill that would reverse major features of the Federal Communication Commission's controversial decision earlier this month to deregulate the media marketplace (Bulletin, June 3). The bill would restore the ownership cap that limits any one TV broadcast
company from commanding more than 35% of the national audience. An amendment to the bill would also reinstate the so-called "cross-ownership rule," which forbids a media company from owning a TV or radio broadcast outlet and a newspaper in the same community.
The Preservation of Localism, Program Diversity and Competition in Television Broadcast Service Act of 2003, sponsored by Sen. Ted Stevens, R-Alaska, now heads to the Senate floor. Insiders say Senate passage of the measure is possible, but the bill faces an uphill battle in the House.