NAB renews call for FCC to eliminate broadcast ownership restrictions
The rule is outdate in the era of "Big Tech," and local news investments are suffering because of it, the organization contends.
The commercial radio and television industry’s largest lobbying group has renewed its call for federal regulators to eliminate ownership caps that prevent monopolies among large broadcast groups.
In a letter sent to the Secretary of the Federal Communications Commission (FCC) this week, the National Association of Broadcasters (NAB) wrote that the agency’s continued use of a formula to determine on a quadrennial basis whether the federal ownership restrictions are still necessary is largely outdated in the era of “Big Tech.”