The Federal Communications Commission (FCC) is expected to vote at its Nov. 16 meeting on an order that would remove certain prohibitions on media cross-ownership and give the agency purview to conduct a case-by-case review when two of the top four broadcast stations in a market want to merge. Lawrence M. Miller discussed a more favorable climate toward mega media mergers as FCC recently gave its blessing to CenturyLink's proposed acquisition of Level 3 Communications. Miller believes this deal approval "sent a very clear message" that the FCC is relinquishing its tight regulatory controls. He added that the current regulatory climate signals that "the FCC is open for business."
Read the complete article on the Law360 website. Subscription is required.
