U.S. Backs Off Relaxing Rules for Big Media - NYT

The New York Times > Business > Media & Advertising > U.S. Backs Off Relaxing Rules for Big Media:

"Media companies hoping to expand their television station holdings and to own both TV stations and newspapers in the same markets suffered a setback yesterday when the Bush administration decided to abandon its challenge to a ruling that blocked the relaxation of ownership rules.
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The decision is a final slap to Michael K. Powell, the departing chairman of the F.C.C., who had advocated the changes." MORE...