Gannett says media ownership plan not enough
NEW YORK, Nov 13 (Reuters) - Gannett Co Inc (GCI.N: Quote, Profile, Research, Stock Buzz) said on Tuesday that a proposal by U.S. Federal Communications Commission Chairman Kevin Martin to relax rules restricting what media companies own is too limited.
"Gannett agrees that the newspaper/broadcast cross-ownership ban must be changed, but today's proposed rule is far too limited and does not reflect the realities of the marketplace," the company said in a statement.
The chief executive of fellow newspaper publisher and broadcaster Tribune Co TRB.N earlier on Tuesday told employees in a memo that the plan by FCC Chairman Kevin Martin does not loosen the rules enough.
Martin's proposal, printed in Tuesday's edition of The New York Times, would affect the cross-ownership of newspapers and broadcast stations in the 20 biggest U.S. cities. (Reporting by Robert MacMillan; Editing by Gary Hill)
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