Democratic and Republican Congressional leaders reached agreement on a $820 billion spending bill containing funds for several government agencies. The appropriations measure includes language approving a 39% TV audience cap. The FCC in June passed 45%, but that has been blocked while the new media ownership rules are debated in federal court. The 39% is a compromise reached by lawmakers last year, before the new session of Congress began this week. The bill is expected to pass Thursday, before lawmakers leave Washington for the weekend.
Business and Law
NAB to Supreme Court: Deregulation Is Statutory Prime Directive in Ownership Rule Review
Files brief in advance of oral argument on FCC broadcast ownership decision