Is the FCC likely to change the rules? Would a rule change mean more consolidation?
At a broadcasters conference in Las Vegas last week, Inside Radio reported that FCC Chairman Julius Genochowski hinted he was open to further deregulation, and that lobbyists are expecting the FCC to again try to remove cross-ownership limits. While some claim that rule changes won’t lead to mergers in this economic climate, GE Capital’s Raymond Shu told Radio Business Report, “I think if the ownership rules loosens up, then I think you could expect to see an increase in M & A [merger and acquisition] activity, both within each individual sectors, but perhaps also across different sectors where a newspaper company may merge with a broadcaster and so forth.” GE Capital is one of the largest media lenders in the industry, with eight billion in assets in the field. Doesn’t the Internet mean that we don’t need rules to protect the diversity of news sources in a community? According to the Pew Excellence in Journalism’s State of the Media report, 80% of traffic to news and information websi
Related Questions
- As part of FINRA rulebook consolidation, Incorporated NYSE Rule 392 was deleted from the FINRA rulebook. Does this mean that my firm no longer has any obligations under NYSE rules?
- Is the FCC likely to change the rules? Would a rule change mean more consolidation?
- What does the message, "NEW FCC RULE - Long distance calls will now be billed" mean?
