The F.C.C has voted to loosen ownership regulations. This is votes comes as Sinclair seeks to finalize its purchase of Tribune Media for $3.9 billion dollars.
According to a story in the New York Times, the Federal Communications Commission eliminated the media cross ownership ban.
As part of the vote, the agency also increased the number of television stations a company could own in a local market. A company will more easily be able to own two of the four largest stations in a market, instead of only one.
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