The Federal Communications Commission said on Friday it has proposed narrowing its definition of a radio market, which could impact future consolidation in the industry.
The current definition "may be allowing higher levels of ownership in what commercial services consider to be much smaller markets," FCC Chairman William Kennard said in a statement.
The five commissioners adopted the proposal on Wednesday and revealed their decision on Friday.
...At the heart of the agency's concern is consolidation in the industry, which could lead to little competition for the radio listener and advertising dollars.