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Byline: SEAN HIGGINS
The Federal Communications Commission voted 3-2 Monday to loosen the rules on media ownership, opening the radio and TV industries to further consolidation.
The vote lifts a ban on owning a newspaper and a TV station in the same city. It also ends curbs on owning two TV stations in most markets and allows ownership of three in big cities.
The FCC's new rules now let a media company own enough TV stations to reach 45% of U.S. households. Before Monday, they were limited to 35%.
The FCC left intact the maximum number of radio stations a company can own: up to 8 in markets with 45 stations or more.