By David Shepardson
WASHINGTON (Reuters) -The U.S. Federal Communications Commission voted on Tuesday to consider whether to lift the long-standing prohibition on a merger between any of the largest four broadcast networks and to consider relaxing other media ownership rules.
The FCC said it would consider public comments before deciding whether to reverse the rule that bars a merger among the “Big Four” networks: NBC, owned by Comcast, Walt Disney Co’s ABC, Paramount Skydance’s CBS or Fox.
The FCC also said it was seeking public comment on whether to eliminate or revise a rule that limits a single entity from owning more than two of the four largest television stations in the same local market and a rule that limits the total number of local radio stations that may be owned in a single market.
Previously, the FCC noted that a version of the rule barring dual ownership of networks has existed since the 1940s. A 2018 media ownership review concluded the bar should be upheld
“because it advances the agency’s core policy objectives of competition and localism.
“We intend to take a fresh approach to competition by examining the broader media marketplace, rather than treating broadcast radio and television as isolated markets,” FCC Chair Brendan Carr said. “If we determine that any rule no longer serves the public interest, we will fulfill our statutory duty to modify or eliminate those rules.”
FCC Commissioner Anna Gomez, a Democrat, said the commission should consider “modifications to current rules that would both shore up the economics of broadcast television and preserve the public interest.”
In 2017, the FCC voted to eliminate the 42-year-old ban on cross-ownership of a newspaper and TV station in a major market. It also voted to make it easier for media companies to buy additional local TV stations in the same market.
(Reporting by David Shepardson; Editing by David Gregorio)
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