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U.S. Supreme Court permits FCC to loosen media ownership rules

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SCOTUS permits FCC to ease media ownership regulations

The U.S. Supreme Court on Thursday allowed the Federal Communication Commission to loosen local media ownership restrictions, handing a victory to broadcasters in a ruling that could facilitate industry consolidation as consumers increasingly move online.

In a 9-0 ruling authored by Justice Brett Kavanaugh, the justices overturned a lower court decision that had blocked the FCC's repeal of some media ownership regulations in 2017 for failing to consider the effects on ownership by racial minorities and women. Critics of the industry have said further consolidation could limit media choices for consumers.

The justices acted in appeals by the FCC, companies including News Corp (NWSA.O), Fox Corp (FOXA.O) and Sinclair Broadcast Group Inc (SBGI.O) and the National Association of Broadcasters.

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