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The 22-year-old rule barred any single company from reaching more than 39% of U.S. TV households; critics say only Congress can lift it
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The Federal Communications Commission voted Thursday to eliminate the national cap on television station ownership, a move that could accelerate consolidation in the broadcast industry.
The commission's two Republican members — Chairman Brendan Carr and Olivia Trusty — voted to eliminate the cap, while Democratic Commissioner Anna Gomez was the only member opposed, making it a 2-1 outcome. The agency said it will replace the cap with a case-by-case review of proposed acquisitions.
