Summary

Pursuant to a legislative requirement, GAO reviewed the Federal Communications Commission's (FCC) new rule on FCC's regulations governing attribution ownership rule. GAO noted that: (1) the rule would amend FCC's broadcast, broadcast cable cross-ownership, and cable/Multipoint Distribution Service cross-ownership attribution rules; (2) according to FCC, the final rule improves the precision of the attribution rules, avoids disruption in the flow of capital to broadcasting, affords clarity and certainty to regulatees and markets, and facilitates application processing; and (3) FCC complied with applicable requirements in promulgating the rule.