The surprise 9-0 ruling in favor of the FCC, and NAB, in its fight against Prometheus Radio Project, effectively reverses the Third Circuit remand of the Commission’s series of November 2017 deregulatory rule changes for broadcast media, namely the end of cross-ownership restrictions that date to an era when “The Hustle” was the top song on AM Top 40 stations.
But, just what does the Supreme Court ruling do? And, are foreign ownership rules a part of the mix?
