Here comes the latest installment in the never-ending story that is the quadrennial review of media ownership regulation, the current incarnation of which officially kicked off in the Fall of 2002 under then-FCC Chairman Michael Powell.
In what has become a ritual, waivers to rules preventing the cross-ownership of local broadcast and print assets has been extended for another quarter.
Cox Enterprises, Inc.; Calvary, Inc.; Bonneville International Corp.; Scranton Times LP; and Morris Communications have been trying to get the FCC to simply issue a blanket waiver until such time cross-ownership rules go from pending to certain, at which point the combinations now protected by waiver will either become legal or, if not, spin-offs will ensue.
Every quarter, the FCC basically says it’s thinking about it, and extends the waivers for three more months.
This time, the waivers have been extended until 1/13/12 – and so it goes.
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