House Bill Would Jettison FCC's Ban On Local Media Cross-Ownership

Time appears to be running out for the FCC’s effort to promote diversity in local media. A bipartisan bill introduced today would overturn the agency’s ban on allowing one company to own TV and radio stations as well as a daily newspaper in the same market. Rep. Greg Walden (R-Ore.) and Rep. John Yarmuth (D-Ky.) served up the proposal that within a year after its passage would strip the FCC rule of its “force or effect.” The move is a response to the FCC’s 3-2 vote along…