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The inquiry will make recommendations on media plurality, regulation and cross-media ownership by July 2012.
BBC: Culture questions and Commons commission questions
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Cross-media ownership is permitted within limits - press groups may own up to 25% of local radio and TV stations.
BBC: Ireland country profile
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Because the rate of technological change is so rapid, the intention is to give the new regulator more discretion and rely less on primary legislation such as the 15% limit on any one television company's share of the audience and the equally arbitrary cross-media ownership rules to choreograph the market.
ECONOMIST: Regulating communications
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In December 2007, Martin's commission has loosened a decades-old ban on media cross-ownership, causing a rift among the FCC's commissioners.
FORBES: Magazine Article
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America's tough restrictions on cross-ownership of different media businesses may pose a further obstacle to restructuring.
ECONOMIST: Media firms and private equity