Monday, March 30, 2009

Copps to reconsider cross-ownership ban

News headline: "Copps: It May Be Time to Reconsider Cross-Ownership Ban"

Acting FCC Chairman Michael Copps makes headlines as he opines that it may be time to take a fresh look at lifting the FCC ban on newspaper/broadcast cross-ownership. Unfortunately, he's ten years too late. Newspapers are beyond saving, and there is no capital to finance cross-ownership. This antiquated rule should have been deleted once the Internet came onto the scene.

Another case of the regulators being years behind the curve. Great idea, Mr. Copps; it might have worked had someone come up with it during the Clinton years.

George