Local television ownership groups could grow after the Federal Communications Commission took a controversial vote to remove the national ownership cap. The FCC voted, 2-1, at its August open meeting Thursday to lift the cap, which limited individual broadcasters’ ownership to stations that in aggregate reached no more than 39 percent of households, replacing it with […]

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

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…

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.