Hearst, Scripps Pitch 50% National Ownership Cap

Some high-profile broadcast groups have been telling the FCC they would be OK with moving the 39% national ownership cap to 50% from 39%, rather than eliminating it altogether.

In filings at the FCC, Hearst Television, Scripps Media, Raycom Media, Gray Television, Graham Media, Quincy Media, Dispatch Broadcast Group and Morgan Murphy Media told the FCC they can support both a cap at 50% and eliminating the UHF discount for future broadcast groups, so long as current groups that would be over that 50% cap without the discount are grandfathered.

They say that “will bring the Cap up to date with the current marketplace and strike a reasonable balance among the competing interests in play.”

Read more here.

From BroadcastingCable.com

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