FCC's cap off could be another win for media king Rupert Murdoch

-RAY FCC Chairboy Kevin Martin sets limits for cable and news firms in an attempt to save the newspaper industry and of course not everyone is happy. However one person that is probably smiling this morning is non other than News Corp, now Dow Jones ruler Rupert Murdoch, who because of this ruling can win permanent waivers to control two television stations in New York, as well as The New York Post and The Wall Street Journal. In one 3-to-2 vote on Tuesday, Mr. Martin sided with the agency’s two other Republicans to relax the newspaper-broadcast cross-ownership rules in the nation’s 20 largest markets. Under the new rule, a company can own both a newspaper and either a television or radio station in those markets as long as there remain at least eight other independent sources of news. If it is a television station, the rule requires that it cannot be one of the top four. F.C.C. Reshapes Rules Limiting Media Industry [NYT]