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Under pressure from large media companies hoping to make acquisitions that current regulations prohibit, the Federal Communications Commission could introduce a proposal to revise controversial limits on media mergers as soon as mid-July, people close to the agency said. The Supreme Court's June 13 decision not to hear an appeal of a ruling that overturned the commission's 2003 relaxation of media-ownership rules brought the issue back to the agency and into the hands of FCC Chairman Kevin Martin.
June 28, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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