Cross-Ownership Ban May Kill Papers: McDowell; Sen. Brown Backs Terrier Extension
The FCC's newspaper-broadcast cross-ownership ban accelerated the decline of newspapers and is why southwest Ohio papers picked up by Terrier Media in its purchase of Cox stations may have to reduce to three-day-a-week print editions so as not to be…
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deemed daily publications, former Commissioner Robert McDowell, now with Cooley, wrote Friday in the Dayton Daily News. He said criticisms about the role of private equity in Terrier Media's buy of Cox (see 2001020034) are "disingenuous." The ownership ban is a hurdle blocking investment in newspapers and "needs to be eliminated as soon as possible," he said. Terrier Media was given a two-month extension as it tries to sell the newspapers (see 2001150071); Sen. Sherrod Brown, D-Ohio, backed that extension. His letter Jan. 14 to FCC Chairman Ajit Pai was posted Friday.