Ownership Fight Heats Up

The odds may be long against Congress overturning new Federal Communications Commission rules that make it easier for newspapers and TV stations in a market to buy each other, but the broadcasting and newspaper industries are concerned enough to attempt to forestall such action. In the face of a Senate Commerce Committee voice vote last week approving a “resolution of disapproval” and an upcoming vote on the matter by the full Senate, proponents of the new rules are planning to fight, even though administration officials have said they would recommend President Bush veto any congressional resolution. A broadcasting industry source who didn't want to be identified said that although the congressional action is unlikely to be successful, “you never like it to be hanging on the swipe of a pen.” The source said the issue is “very emotional.”
http://www.tvweek.com/news/2008/04/ownership_fight_heats_up.php
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