The FCC has withdrawn a proposal to relax the ban on owning multiple media outlets in the same market. More than a year ago, former FCC Chair Julius Genachowski circulated a draft item that would have eliminated the ban on owning a radio station and newspaper in the same market. The proposal would have also paved the way for smaller TV stations to own newspapers. Now under Chairman Tom Wheeler, the FCC said 12/16 it has taken the item off the table while it reassesses the issue, per a Wall Street Journal story.
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