US lawmakers okay 39 per cent TV cap

MUMBAI: The US Senate voted 65-28 on a huge omnibus $ 375 billion spending bill Thursday into which was tucked new legislation that allows television networks to own stations that collectively reach 39 per cent of the American television audience.
 

US broadcast legislator the Federal Communications Commission (FCC) had set the cap at 45 per cent last June. But the proposal, which was heavily criticised as being a sellout to the media majors, was shot down by American lawmakers.