Today, the Supreme Court of the United States (SCOTUS) cleared the way for the Federal Communication Commission (FCC) to loosen local media ownership restrictions.
This is considered "a victory" to broadcasters in a ruling that could facilitate industry consolidation as consumers increasingly move online.
In a unanimous ruling, the justices overturned a lower court decision that had blocked the FCC's repeal of some media ownership regulations in 2017 for failing to consider the effects on ownership by racial minorities and women.
Please select this link to read the complete article from Reuters.