The FCC gave Sam Zell a cross-ownership waiver; then made him buy his own latte!
Shameless!
That’s how I characterized the night-time farce in which the five-member Federal Communications Commission recently decided not to take a modest step toward reregulating cable television. The commission also postponed the question of whether to continue its media cross ownership ban. Since 1975 the FCC has said newspapers cannot own television stations (or vice versa) in the [...]