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McCain panel to examine radio industry

The Senate Commerce Committee will hold a hearing on radio-industry
consolidation Tuesday.

The hearing will focus on the impact of sweeping radio-industry consolidation
since the elimination of national ownership caps in 1996 and whether legislation
is needed to rectify any problems.

A witness list was not available at deadline Thursday.

Committee chairman Sen. John McCain (R-Ariz.) has already persuaded his panel
to pass a measure that would force industry giant Clear Channel Communications Inc. and others to
divest some small-market stations acquired through a loophole in previous
Federal Communications Commission local-ownership rules.

The loophole was eliminated as part of the FCC’s June 2 sweeping revision of
broadcast-ownership rules.