Congress, February 1996: removed the national cap on how many radio stations one company can own, while keeping local limits of 5 to 8 stations per market. For television, it dropped the 12-station limit but raised the national audience cap from 25 to 35 percent; Congress raised it to 39 percent in 2004.
The Commission shall modify section 73.3555 of its regulations (47 C.F.R. 73.3555) by eliminating any provisions limiting the number of AM or FM broadcast stations which may be owned or controlled by one entity nationally.
110 Stat. 110-111
Congress, February 1996: removed the national cap on how many radio stations one company can own, while keeping local limits of 5 to 8 stations per market. For television, it dropped the 12-station limit but raised the national audience cap from 25 to 35 percent; Congress raised it to 39 percent in 2004.