NAB to FCC: Scrap the caps.

The National Association of Broadcasters is calling for the Commission to modify the “outdated” radio ownership rules as part of its every-four-years review of media ownership planned for later this year. The request came in the form of a letter from NAB Legal, prompted by NAB Board resolution, to FCC Media Bureau Chief Michelle Carey, which said, in part, “Existing radio ownership limits are not needed to promote competition in today’s audio marketplace, and, in fact, impede terrestrial radio stations’ ability to compete and serve their local communities.”