FCC Announces Plan to Scrap Ownership Limits

Federal Communications Commission Chairman Ajit Pai announced this week that the commission will vote in November to eliminate or revise four key rules aimed at preserving media diversity in local markets. The changes will come in an order on reconsideration. Although the November 16 vote will end a significant chapter in the ongoing debate over media ownership rules, it is not likely to be the final chapter. As interested parties consider court challenges, we'll bring you all the developments in Headlines.