Free Press Senior Policy Counsel Corie Wright issued the following statement:
“Free Press is pleased that Media General, once the biggest proponent of eliminating FCC media ownership protections, has wisely decided to unwind this failed business model.
“Cross-ownership of newspapers and TV stations doesn’t benefit media companies or the public. Media General isn’t the only example of this failed approach. Tribune, the nation’s largest owner of newspaper-television combinations, has been mired in bankruptcy proceedings since 2008.
“Most importantly, evidence shows that cross-ownership leaves communities with fewer independent sources of local news, and less local news overall. Nevertheless, in response to industry pressure, the FCC is still pushing to further gut limits on cross-ownership.
“The FCC should not create new local media monopolies by relaxing its long-standing ban on newspaper-broadcast combinations. It's clear these combinations are bad for business at big media companies, and they are an undisputed disaster for local media competition and diversity."