On November 16, 2017, the FCC took a bold step in its GOP-fueled rule “modernization” efforts by voting 3-2 to eliminate its cross-ownership rules for newspaper and broadcast media and for radio and TV, respectively. The “Eight-Voices Test” was also erased.
On March 27, one of the biggest transactions to result from the rule’s disappearance was signed off, with a Form 314 filing made with the Commission late Thursday (4/4).