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The Supreme Court denied petitions to review appeals of FCC...

The Supreme Court denied petitions to review appeals of FCC media ownership rules brought by Media General, Tribune and the NAB (http://xrl.us/bndbnq). The NAB said it was very disappointed in the decision. “NAB will continue to advocate for modernizing ownership…

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rules that stem from an era of ‘I Love Lucy,'” a spokesman said. Free Press cheered the development. “This is the second time the Supreme Court has declined broadcaster requests to reconsider the constitutionality of the media ownership protections,” said Corie Wright, senior policy counsel. “In 2005, the Court declined to hear industry appeals of Prometheus I, the predecessor of Prometheus II” the case the court rejected Friday. “The constitutionality of these rules is well settled,” she said. “The Supreme Court wisely declined to waste its time reviewing these ill-founded attempts to undermine the FCC’s media ownership protections.” The decision bodes well for carriers hoping more TV station owners will participate in the coming incentive spectrum auction, Stifel Nicolaus analysts Christopher King and David Kaut wrote investors. “If the broadcasters had won big, we believe it could have made their businesses more attractive and give them more incentive to keep their spectrum, rather than sell it off for wireless auction and use."