> In a 2-1 vote, the FCC repealed a 22-year-old rule holding that a company cannot own stations that reach more than a combined 39% of the U.S. television audience.
This seems like a very odd rule. What about things like CNN? Aren't they available to 100% of households?
The FCC mainly regulates broadcast. CNN is cable. Also, there's a difference between a station being in more than 39% of households and being 39% of the total market. Other stations still compete with CNN.
Broadcast bandwidth is a limited resource, so it’s subject to special rules to ensure it’s fairly distributed in the public interest. It’s true that the rules aren’t nearly as important as they were when non-broadcast news was harder to find, although that doesn’t give the criminals in charge of the FCC a right to ignore the law.
This is about over-the-air/broadcast stations (e.g., ABC/NBC/CBS affiliates), not cable stations like CNN.