“The F.C.C. approved two new rules on Tuesday that are likely to reshape the nation’s media landscape by setting new parameters for the size and scope of the largest news and cable companies. One rule would tighten the reins on the cable television industry. By stipulating that no one company can control more than 30 percent of the market, the rule introduces fresh regulation to an industry where there has been little of it, angering both the cable industry and Republican commissioners, who favor a free-market approach. The other rule, which gives owners of newspapers more leeway to buy radio and television stations in the largest cities, is a step in the direction of deregulation. It is intended to help the newspaper industry, which is suffering from dwindling advertising revenue, and to recognize that the historical conditions that gave rise to cross-ownership restrictions have changed, now that more news sources are available on the Internet and cable television.

Under the new rule, a company can own both a newspaper and either a television or radio station in those markets as long as there remain at least eight other independent sources of news. If it is a television station, the rule requires that it cannot be one of the top four.”

(via The New York Times)