Last night the Senate voted to roll back the FCC's decision to loosen media cross-ownership rules, which it announced last December. The Senate vote comes less than a month after the Commerce, Science and Transportation Committee approved the same thing . The "resolution of disapproval" was passed by a voice vote, according to the AP . So what does this mean right away? Not much: Even if the House does the same thing, President Bush's veto pen most likely lies in wait. But if the November elections usher in a President less sympathetic towards media deregulation, we know the Senate has the appetite to push the issue.
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Senate Commitee Rejects FCC Cross-Ownership Relaxation
Updated: FCC Relaxes Cross-Ownership Rules; 3-2 In Favor; 30 Percent Cable Cap Imposed
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