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On February 19th, a federal court handed a victory to today's largest American media corporations, stating that limits on the number of stations a network can own would be reconsidered and the regulation that had kept cable operators from owning television stations would be lifted.
Executives of large media corporations welcomed the ruling, stating the ownership rules to have become outdated in an era of media consolidation.
"We're very pleased the court vacated the cable broadcast cross-ownership regulation," said Paul T. Cappuccio, general counsel of AOL Time Warner. " The rule had lon…
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