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View Diary: "Earth shattering" change in the radio industry in the aftermath of the Rush Limbaugh Effect (203 comments)

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  •  In part, we have Bill Clinton to thank for this. (8+ / 0-)

    He signed the Telecommunications Act of 1996, which removed the national cap on the ownership of radio stations.

    As I recall, the Act did not pass both houses of Congress with veto-proof super-majorities.

    Back in the old days, no one entity or person could have an "attributable interest" in more than seven AM stations, seven FM stations, and seven television stations.

    There were also much stricter limits on how many stations a given entity could own, control, or have an attributable interest in on a local level... in a given "market."

    Since then, even the definition of "market" has changed.

    And the "cross-interest policy," designed to deter combinations that met the literal requirements of the ownership caps, but that still raised concerns about concentration of ownership or control.

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