February 19, 2002
4:56 PM Subscribe
Court of Appeals Rules That the Media Belongs to Those Who Can Buy It: Today, the CoA has just declared that the 35 percent ownership cap (applicable to broadcasters who reach more than 35% of the American public) was a prohibition "capricious and contrary to the law," meaning that Viacom and Fox, who were over the limit, are now in the clear to monopolize the airwaves. What does this mean for the future of media conglomerates? Discuss the implications.
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