FCC Chairman Michael Powell said Tuesday the agency is likely to replace across-the-board restrictions on media company mergers with a system in which individual deals will be reviewed based on the level of industry concentration in a given market. Responding to critics of the proposal, Powell said that the economic efficiencies companies gain in mergers could give them greater resources to invest in a wider variety of programming and content.
April 10, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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