A US federal agency has eliminated the 39% cap on the share of households that a single owner of local TV stations can reach. This was reported by Qazaqyia.kz citing Reuters.
The decision opens the way for major media players to expand their reach. The previous 39% cap prohibited one company from owning TV stations that reach more than 39% of all households in the country.
The agency's move has drawn mixed reactions from industry experts. Some analysts believe it will increase competition and spur innovation in the media market, while others express concerns about growing monopolization.