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Sinclair Broadcast Group (SBGI) Annonuces Laurie R Beyer to Board
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U S Bankruptcy Tracker: Easy Money Mutes Distress
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Charlotte Hornets attracting larger TV audience - Charlotte Business Journal
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WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday allowed the Federal Communication Commission to loosen local media ownership restrictions, handing a victory to broadcasters in a ruling that could facilitate industry consolidation as consumers increasingly move online.
FILE PHOTO: The Supreme Court is seen in Washington, U.S., December 11, 2020. REUTERS/Joshua Roberts/File Photo
In a 9-0 ruling authored by Justice Brett Kavanaugh, the justices overturned a lower court decision that had blocked the FCC’s repeal of some media ownership regulations in 2017 for failing to consider the effects on ownership by racial minorities and women. Critics of the industry have said further consolidation could limit media choices for consumers.