FCC May Give Murdoch a Very Merry Christmas

[Commentary] Until now, this hasn't been the best year for media mogul Rupert Murdoch. But Murdoch's luck may be changing.

Despite Fox News' moonlighting as the propaganda ministry of the Republican Party, President Obama's team may be making it possible for Sir Rupert to increase his power, perversely rewarding the man who did his best to make sure Barack Obama didn't have a second term. The Federal Communications Commission could be preparing him one big Christmas present, the kind of gift that keeps on giving -- unless we all get together and do something about it. All indications are that Murdoch has his eye on two of the last remaining big newspapers in America -- the Chicago Tribune and the Los Angeles Times, each owned by the now bankrupt Tribune Company. He could add one or both to his impressive portfolio, but even though the media mogul is splitting News Corp into two separately traded companies -- one for its print entities, the other for TV and film -- he would still come under current rules restricting media companies from owning newspapers and TV and radio stations in the same town. However, the FCC may be planning to suspend those rules, paving the way for Murdoch's takeover of either of the two papers.