June 29, 2012
The Supreme Court has turned down media companies' plea to lift a prohibition on owning both a newspaper and a television station in the same market.
The justices on Friday denied the companies' appeal without comment. The media outlets say the restrictions no longer make sense in the Internet era.
The appeal also sought to get rid of other ownership limits including how many local television stations one company can control.
The companies say the rules make it harder for broadcasters and newspapers to do business and respond to competitors on the Internet, satellite and cable - entities which don't face the same restrictions.
Critics of media consolidation have warned of the dangers of too many media outlets falling under the ownership of a handful of large corporations.
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