Jeff Warshaw, the CEO of Connoisseur Media has wrote a letter to the FCC asking them to change the rules regarding "Embedded Markets". This would mean radio stations in a embedded market would no longer count against the same ownership limits as the parent market. For example, Long Island would no longer be counted against New York City radio station ownership limits.
I bet this move could open the floodgates for major broadcasting companies to buy out radio stations in these embedded markets.
I bet this move could open the floodgates for major broadcasting companies to buy out radio stations in these embedded markets.