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A Senate committee has approved legislation in the hopes of putting a stop to legislation from FCC Chairman Kevin Martin that would loosen media ownership rules.
The bill is highly unlikely to pass Congress before the FCC’s planned vote on Dec. 18, but it is a clear message from senators to Martin that he should delay the vote, writes the Los Angeles Times.
Martin is attempting to pass legislations that would loosen media ownership rules and allow one company to own a newspaper and TV station in the same market, provided that market is one of the 20 largest in the U.S. Lawmakers from both parties want more time for the public to comment on the proposal
The Tribune Co. has the most to gain by Martin’s proposal because it owns newspaper and broadcast combinations in five markets.
Last week, the FCC waived the ownership rules for Tribune for at least two years, which will allow the company to close its $8.2 billion deal to go private with Sam Zell before the end of the year.
If the Senate is successful in putting a stop to the FCC vote on the 18th, Tribune could still trigger the temporary waivers by challenging the FCC’s denial of its request for permanent waivers, according to the article.
Kevin Martin is facing a Senate oversight committee today for possible abuse of power and failure to handle proposed cable TV and media ownership regulations in a fair and open matter.
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