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)
© Thomson Reuters 2008 All rights reserved
Help us advance this story. Provide relevant links or share your insights using our comment box. Please be considerate and help us by reporting any abuse you find. Reuters will delete comments that don't meet community standards.







