The Federal Communications Commission is prepared to vote next month on trimming or eliminating regulations that limit the ownership of multiple TV stations or newspapers in a single market, The Wall Street Journal reports. The President Trump-appointed FCC chairman, Ajit Pai, has framed the decision as being a 21st-century brush-up to national media rules, some of which have gone unchanged since the 1970s.
"Local station owners and some big media companies have complained that federal rules — originally enacted in part to ensure a diversity of views — have hindered their efforts to grow and compete at a time when online competitors have made major inroads," The Wall Street Journal writes.
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