Senate Defies Bush, Overturns FCC Ruling
In Reuters.

The Republican-led U.S. Senate on Tuesday defied Bush administration opposition and voted to rescind new regulations allowing large media companies to grow even bigger.
The Senate approved, 55-40, a resolution that would roll back the Federal Communications Commission rules allowing television networks to own more local stations and permitting conglomerates to own a newspaper, television stations and radio outlets in a single market.
The measure faces a tougher battle in the U.S. House of Representatives and a threat of a veto by President Bush if it reaches his desk.
The Republican-led FCC narrowly adopted the new rules in June, which would allow television networks to own local stations that collectively reach 45 percent of the national audience, up from 35 percent.
The new rules permit one company to own a newspaper, a television station and several radio stations in a single market, lifting a decades-old ban on cross-ownership. A company would also be permitted to own two local television stations in more local markets.

Here is the full text of the article in case the link goes bad:
http://abcnews.go.com/wire/US/reuters20030916_233.html
September 18, 2003
Senate Defies Bush, Overturns FCC Ruling
Sept. 16