FCC should repeal radio-TV cross-ownership rule because it no lon...

FCC should repeal radio-TV cross-ownership rule because it no longer is necessary to promote economic competition and diversity, Viacom said in petition for Commission rulemaking. Petition called rule “historical anomaly,” saying FCC had “based all of its recent radio ownership decisions on the presumption that radio and television stations compete in different advertising markets.” Separate ownership also isn’t necessary for diversity of ideas, Viacom said, because marketplace for ideas “is rich and robust” with addition of new cable channels, Internet, other sources. It noted that radio-TV cross-ownership rule was only broadcast-related cross-ownership rule not currently under review.