Technology Industry
Industry: Email Alert RSS FeedHouse Sidesteps Tauzin In Media Cap Vote
Cable World, July 21, 2003
Byline: ALICIA MUNDY
Stymied by Chairman Billy Tauzin (R-La.) of the House Commerce Committee, members of Congress who want to roll back the FCC's new loosened media rules pushed through a rider in the House Appropriations Committee that reversed the network ownership cap. Last week's vote to take down the cap from 45% to the old 35% was a surprising 40-25, a major blow to the networks.
Legg Mason analyist David Kaut said this could mean that the bill could pass in the House, and that support was growing like "wildfire." A similar provision is moving through the Senate.
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Meanwhile, local TV broadcasters visiting Capitol Hill were rebuffed by GOP and Democratic senators who have been scared off of deregulation by complaints about mega-corporation Clear Channel radio. So far, the newspaper-TV cross-ownership regulations allowing such pairings hasn't gained ground in the House.
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