Senators threaten to block media ownership plan

SENATORS THREATEN TO BLOCK MEDIA OWNERSHIP PLAN
[SOURCE: Reuters, AUTHOR: Peter Kaplan]
Sens. Byron Dorgan (D-ND) and Trent Lott (R-Miss) announced bipartisan legislation that would block the Federal Communication Commission from acting quickly to ease rules governing media ownership. They are studying several ideas for derailing the FCC's media ownership decision, expected in December, including a rarely used mechanism called a "resolution of disapproval," which would require passage in both the Senate and the House. Sen Dorgan said there was "massive support" for such a move among Democratic senators, who control the chamber. Sen Lott was less sure about Republicans backing such an effort. If cross-ownership limits were eased or lifted, it could help some investors, such as real estate tycoon Sam Zell, who is leading a proposed leveraged buy-out of media group Tribune Co. Zell wants the FCC to reaffirm waivers that allow Tribune to cross-own daily newspapers and broadcast outlets in some markets.
http://www.reuters.com/article/politicsNews/idUSN2454704020071024

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