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Murdoch Calls FCC Bluff With Newsday Move

News Corp. would need waiver to dodge anti-consolidation rules

By Jonas Oransky,  Newser Staff

Posted Apr 23, 2008 6:43 PM CDT

(Newser) – Rupert Murdoch is betting new federal standards limiting media ownership to one TV station and one newspaper (per market) won't keep him from buying a fifth New York outlet. The mogul has long held waivers to control media in excess of the rules, and he doesn't think recent enforcement pledges will stop him from winning permission to own Newsday, the Times reports.

Democratic lawmakers are meanwhile trying to restore more stringent standards, and are even holding up Murdoch’s acquisition-happy habits as an exemplar of what needs avoiding. In applying for permission to own WNYW- and WWOR-TV, the New York Post, the Wall Street Journal and Newsday all at once, News Corp. will argue that a struggling industry need deep pockets.

The mastheads of the New York Post and Newsday are seen in this photo in New York,  Friday, March 21, 2008.
The mastheads of the New York Post and Newsday are seen in this photo in New York, Friday, March 21, 2008.   (AP Photo/Richard Drew)
Rupert Murdoch, Chairman and CEO of News Corp, addresses a crowded Wall Street Journal newsroom on Thursday, Dec. 13, 2007.
Rupert Murdoch, Chairman and CEO of News Corp, addresses a crowded Wall Street Journal newsroom on Thursday, Dec. 13, 2007.   (AP Photo/Mark Lennihan)
The Dow Jones news ticker is seen in New York's Times Square in this Aug. 1, 2007 file photo.
The Dow Jones news ticker is seen in New York's Times Square in this Aug. 1, 2007 file photo.   (AP Photo/Mark Lennihan, file)
Copies of the Wall Street Journal.
Copies of the Wall Street Journal.   (AP Photo/Matt Dunham)
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