Following the FCC’s ruling to eliminate the cross-ownership rule, NAB CEO Gordon Smith thanked the Commission. “These rules are not only irrational in today’s media environment, but they have also weakened the newspaper industry, cost journalism jobs, and forced local broadcast stations onto unequal footing with our national pay-TV and radio competitors. We are grateful the Commission has adopted a common-sense approach to media regulations that will foster innovation, reinvestment in investigative reporting, and better service to our tens of millions of listeners and viewers.”
