THE DECISION: A federal appeals court has restored a longstanding Federal Communications Commission ban that prevents media companies from owning both a newspaper and a television station in the same market.
THE BACKDROP: The FCC's cross-ownership ban dates back to 1975 _ a time when newspapers dominated the media industry. In 2007, then-FCC Chairman Kevin Martin moved to ease those restrictions in the 20 biggest media markets. He argued that the ban no longer made sense in a media landscape where the Internet had left many daily newspapers struggling for survival.
WHAT'S NEXT: The appeals court sent the rules back to the FCC to be rewritten.