The U.S. Federal Communications Commission voted 2-1 on Thursday to repeal a rule that limited broadcasters from owning TV stations reaching more than 39 percent of American households. The decision removes a key constraint on media ownership and could enable major consolidation among broadcast TV station groups.
The cap was originally put in place to restrict the power of any single media company. With the rule eliminated, companies may now be free to acquire additional stations beyond the previous audience-reach threshold, potentially reshaping the broadcast television landscape.
Commissioners split along party lines, with the majority voting to lift the ownership restriction. The move is expected to open the door to larger station group mergers and acquisitions, though the full impact on local broadcasting remains to be seen.