Media cross-ownership in the United States

vast majority of the country's television productnewspaper-television cross-ownershipUHF discountcross-ownershipcross-ownership restrictionsdiscountfive corporations controlmaximum number of radio stations allowed by the FCC at the timemedia cross-ownershipMedia cross-ownership rule
Media cross-ownership is the common ownership of multiple media sources by a single person or corporate entity.wikipedia
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Media of the United States

American mediamediamedia outlets
Over time, both the number of media outlets and concentration of ownership have increased, translating to fewer companies owning more media outlets.
Currently, five corporations control roughly 90% of the media.

Local marketing agreement

LMAjoint salestime brokerage agreement
Both Tribune Media and the Gannett Company were required to use shared services agreements as a similar loophole to take control of certain stations in their respective 2013 purchases of Local TV and Belo, as they did not have exemptions to the FCC's newspaper cross-ownership restrictions in the affected markets.

Telecommunications Act of 1996

1996 Telecommunications ActTelecommunications ActTelecom Act of 1996
The Telecommunications Act of 1996 was an influential act for media cross-ownership.
One of the most controversial titles was Title 3 ("Cable Services"), which allowed for media cross-ownership.

Tribune Media

Tribune CompanyTribuneTribune Co.
The existing portfolios of broadcasters who now exceeded the cap due to the change were grandfathered, including the holdings of Ion Media Networks, Tribune Media, and Univision.
On April 20, 2017, Bloomberg reported that Sinclair Broadcast Group was considering acquiring Tribune Media, contingent on plans by the FCC's new chairman, Ajit Pai, to reinstate the "UHF discount" (a policy which makes UHF stations only count half of their total audience towards the FCC's 39% market share cap), which had been removed by Tom Wheeler during the final months of the Obama administration.

Corporation

corporatecorporationsincorporated
Media cross-ownership is the common ownership of multiple media sources by a single person or corporate entity.

Entercom

Entercom CommunicationsEntercom License, LLCEntercom Communications Corporation
*Although Viacom and CBS Corporation have been separate companies since 2006, and Entercom nominally acquired CBS's radio assets in 2017, all three are partially owned subsidiaries of the private National Amusements company, headed by Sumner Redstone.

CBS Radio

CBSInfinity BroadcastingCBS Radio Network
*Although Viacom and CBS Corporation have been separate companies since 2006, and Entercom nominally acquired CBS's radio assets in 2017, all three are partially owned subsidiaries of the private National Amusements company, headed by Sumner Redstone.

National Amusements

National Amusements Inc.CBS's shareholdersNational Amusements, Inc.
*Although Viacom and CBS Corporation have been separate companies since 2006, and Entercom nominally acquired CBS's radio assets in 2017, all three are partially owned subsidiaries of the private National Amusements company, headed by Sumner Redstone.

Sumner Redstone

Redstone
*Although Viacom and CBS Corporation have been separate companies since 2006, and Entercom nominally acquired CBS's radio assets in 2017, all three are partially owned subsidiaries of the private National Amusements company, headed by Sumner Redstone.

News Corporation (1980–2013)

News CorporationNews Corp.NewsCorp
The former News Corporation was split into two separate companies on June 28, 2013, with publishing assets and Australian media assets going to New News Corp, and broadcasting and media assets going to 21st Century Fox.

News Corp (2013–present)

News CorpNews Corp.News Corporation
The former News Corporation was split into two separate companies on June 28, 2013, with publishing assets and Australian media assets going to New News Corp, and broadcasting and media assets going to 21st Century Fox.

21st Century Fox

Fox21cf.comcorporate parent
The former News Corporation was split into two separate companies on June 28, 2013, with publishing assets and Australian media assets going to New News Corp, and broadcasting and media assets going to 21st Century Fox.

Rupert Murdoch

MurdochRupertKeith Rupert Murdoch
Rupert Murdoch controls News Corp and the company created by the Fox-Disney merger, Fox Corporation.

AT&T

AT&T Inc.Southwestern Bell CorporationAT&T Latin America

WarnerMedia

Time WarnerWarner CommunicationsAOL Time Warner