More, more, more

Paging Andrea True Connection…

Clear Channel filed comments in the latest rounds of the FCC’s ownership proceedings suggesting that a single owner should be allowed to hold up to a dozen licenses in a single large market. The Telecom Act of 1996 only allows eight – up to 5 FM and 3 AM.

All-Access.com reports the company’s comments included, “The terrestrial radio broadcast industry is in dire need of an economic jumpstart. Easing the local radio ownership limits, at least in the largest markets, will recapture investors’ interest in radio broadcast companies. It will also stimulate the long-dormant market for radio station transactions.” The company also suggests that broadcast radio remains one of the least consilidated of major industries in the country and faces robust competition from satellite radio and Internet-radio based services.