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Jack Reed on TechnologyDemocratic Sr Senator (RI) |
Congressional Summary:Disapproves the rule submitted by the Federal Communications Commission (FCC) on February 22, 2008, relating to broadcast media ownership. Declares that the rule shall have no force or effect.
Proponents` Argument in Favor:Sen. DORGAN: The FCC loosened the ban on cross-ownership of newspapers and broadcast stations. We seek with this resolution of disapproval to reverse the FCC`s fast march to ease media ownership rules. The FCC has taken a series of destructive actions in the past two decades that I believe have undermined the public interest. [Now they have given] a further green light to media concentration.
The FCC voted to allow cross-ownership of newspapers and broadcast stations in the top 20 markets, with loopholes for mergers outside of the top 20 markets. The newspapers would be allowed to buy stations ranked above fifth and above.
The rule change was framed as a modest compromise. But make no mistake, this is a big deal. As much as 44% of the population lives in the top 20 markets. The last time the FCC tried to do this, in 2003, the Senate voted to block it.
This rule will undercut localism and diversity of ownership around the country. Studies show that removing the ban on newspaper/broadcast cross-ownership results in a net loss in the amount of local news produced in the market as a whole. In addition, while the FCC suggests that cross-ownership is necessary to save failing newspapers, the publicly traded newspapers earn annual rates of return between 16% and 18%.
This Resolution of Disapproval will ensure this rule change has no effect. This is again a bipartisan effort to stop the FCC from destroying the local interests that we have always felt must be a part of broadcasting.
Terminates Federal funding for the superconducting super collider project: Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the United States shall not, after the date of enactment of this Act, obligate any funds for the superconducting super collider project.