News in the Hands of Too Few?

How a loosening of FCC rules could affect the public good.

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The Wall Street Journal, owned by News Corp.

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But as in 2003, the proposals face serious challenges. While the FCC can move to adopt the plan, there are checks on its ability to implement it. A bipartisan group of 25 lawmakers has pledged to slow the enactment of the rule changes, while the White House has vowed to oppose any congressional intervention. Between the opposition on Capitol Hill and possible court challenges, the rules might never take effect. Media companies should look to the Internet to regain their financial health, some experts say, rather than relying on partnerships with broadcasters. "Someone has to pay for the news," says Goldstein. "And no one has figured that out yet."