FCC Adopts Seven-Station Rule Limiting Broadcast Ownership to Prevent Media Monopoly and Ensure Viewpoint Diversity

The Federal Communications Commission formally adopts the “seven-station rule” (Report and Order in Docket No. 8967, 18 F.C.C. 288) establishing that no single entity may own more than seven AM radio stations, seven FM radio stations, and seven television stations nationwide, with the …