WASHINGTON, Aug 6 : The U.S. Federal Communications Commission voted on Thursday to rescind the rule that bars local broadcast station owners from reaching more than 39 per cent of U.S. TV households in a move that could spark industry consolidation.The FCC voted 2-1 to lift the cap in favor of a case-by-case

The move sets the stage for more corporate consolidation in the media industry.

WASHINGTON, Aug 6 : The Federal Communications Commission voted Thursday to rescind the rule that bars local broadcast station owners from reaching more than 39 per cent of the…

In a 2-1 vote, the commission eliminates a rule that kept station groups from reaching more than 39 percent of TV households.

The effort will likely face legal trouble as critics insist Congress is the only federal body that is authorized to lift the cap.