New York Times (October 18 2007):

WASHINGTON, Oct. 17 — The head of the Federal Communications Commission has circulated an ambitious plan to relax the decades-old media ownership rules, including repealing a rule that forbids a company to own both a newspaper and a television or radio station in the same city.

Kevin J. Martin, chairman of the commission, wants to repeal the rule in the next two months — a plan that, if successful, would be a big victory for some executives of media conglomerates.

Among them are Samuel Zell, the Chicago investor who is seeking to complete a buyout of the Tribune Company, and Rupert Murdoch, who has lobbied against the rule for years so that he can continue controlling both The New York Post and a Fox television station in New York.

Response from John Nichols at FreePress:

This ‘company wide scheme’ …. wherein ….one corporation can own the daily newspapers, the weekly “alternative” newspaper, the city magazine, suburban publications, the eight largest radio stations, the dominant broadcast and cable television stations, popular internet news and calendar sites, billboards and concert halls in even the largest American city….

is the citizen’s nightmare. With this rewrite of the rules, local, state and national democratic processes would be run through the wringer of media monopolies designed to reap massive profits – while comforting the comfortable and afflicting the afflicted in a manner that maintains the political and economic status quo. Basic liberties — freedom of the press, freedom of speech, freedom to assemble, freedom to petition for the redress of grievances — would exist largely within boundaries established and policied by local media managers. It’s an Orwellian scenario that the American people rejected overwhelming in George Bush’s first term, when three millions citizens and activist groups of the left and right united to oppose a similar set of rule changes proposed by Martin and then-FCC chair Michael Powell in 2003.
<See blog link from Mediascapes 2 re Media Reform in The US>