The FCC launched a massive procedure that could eventually reshape the
television industry when the commissioners agreed on September 12 to begin reviewing a half-dozen
rules that restrict the ownership of broadcast
properties. The review comes after a string of federal court defeats for the agency's rules. "The time is up for continuing to wink at public policy," FCC chairman Michael Powell said. "It's now time to embrace it and make it." Powell said he hopes that taking a broad approach will turn the commission's hodgepodge of broadcast regulations into a workable whole.
Powell hopes to have a proposal before the commission in the spring. Many analysts think the Powell commission will significantly ease the regulations, ushering in another round of media consolidation.
Source: T S I C H A N N E L N E W S - Number 37/2002 15 September 2002 - A weekly roundup of global TV news sponsored by TELE-satellite International
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