WASHINGTON, DC - Energy and Commerce Committee Chairman Fred Upton (R-MI) and Communications and Technology Subcommittee Chairman Greg Walden (R-OR) issued the following statement regarding the FCC’s adoption today of its media ownership proposal.
“A quick glance at today’s media marketplace contradicts the FCC’s finding that only ‘targeted modifications’ are necessary to media ownership rules. The FCC’s order is a weak attempt to fulfill its mandate, and likely sets the stage for additional involvement by the courts to prod the FCC to correctly do its job," said Upton and Walden. “The current media ownership regulations only serve to prevent traditional sources of journalism from innovating and evolving, while permitting national new media companies to siphon off more and more local advertising revenue. With jobs and innovation hanging in the balance, we cannot afford to delay this regulatory relief any longer."
