FCC Member Calls for News Corp.-WSJ Inquiry

Broadcasting & Cable:

Democratic Federal Communications Commission member Michael Copps asked FCC chairman Kevin Martin to open an inquiry into News Corp.'s purchase of The Wall Street Journal.
The Wall Street Journal

In a letter to Martin Thursday (although they are only a few hallways from each other at the FCC), Copps said he is concerned that the $5.6 billion combination, which is not currently before the FCC for consideration, would result in control of a network and two of the nation's five largest newspapers by a single company and would result in the ownership of two newspapers and two TV stations in New York, the nation's top market.

Read the whole story: Broadcasting & Cable

Comments

[realitytrumpsbull]

Whaaaat? ANOTHER fire at the propaganda factory!?!?!?!?! LOL

[gappytoofcondi]

Meanwhile...what is the hold-up with the proposed merger between Sirius and XM??? They will let mega giants combine, see no problem with monopoly, but they have held up this merger for over six months. Guess Ted Stevens, et. al. are getting load of cash from the NAB to stall this issue.

[sword]

It is amazing that it is even news that a commission member would inquire about the acquisition. That is the reason for the FCC's existence. And why? Because it is not expedient for freedom. The power media always put forth economic arguments, as if that is what this is all about. Life is more than meat and rainment, that is for sure. Ignore that at your own peril.