Poster
09-17-2003, 08:46 AM
Senators voted down new FCC guidelines that would expand media conglomerate guidelines. The Senate fears that allowing already large media companies to buy up more small market television and radio stations, as well as newspapers would eliminate diverse news coverage.
The FCC rules do ``not protect the localism and the diversity, particularly in the newspaper-television market,'' said Sen. Kay Bailey Hutchison, Republican from Texas.
The FCC laws were designed to incorporate satellite and cable companies with mainstream media giants. It agreed to relax decades old cross-ownership policies, allowing large corporations to own a television station, newspaper and radio station, all in a single market. President Bush back the regulations and vows to veto the Senate’s decision.
``That disapproval resolution absolutely muddies the media regulatory waters,'' Powell said in a telephone interview ahead of the vote. He added that if Congress did not like the new rules, it should give the agency better guidance ``and not these odd anti-votes that only cloud the picture.''
To learn more go to: http://news.moneycentral.msn.com/breaking/breakingnewsarticle.asp?feed=OBR&Date=20030916&ID=2871971
The FCC rules do ``not protect the localism and the diversity, particularly in the newspaper-television market,'' said Sen. Kay Bailey Hutchison, Republican from Texas.
The FCC laws were designed to incorporate satellite and cable companies with mainstream media giants. It agreed to relax decades old cross-ownership policies, allowing large corporations to own a television station, newspaper and radio station, all in a single market. President Bush back the regulations and vows to veto the Senate’s decision.
``That disapproval resolution absolutely muddies the media regulatory waters,'' Powell said in a telephone interview ahead of the vote. He added that if Congress did not like the new rules, it should give the agency better guidance ``and not these odd anti-votes that only cloud the picture.''
To learn more go to: http://news.moneycentral.msn.com/breaking/breakingnewsarticle.asp?feed=OBR&Date=20030916&ID=2871971