Media: Ownership and Journalism

The US Senate is debating whether it should repeal the FCC's ruling to loosen media ownership restrictions. The resolution, which would overturn the controversial June decision allowing a single media corporation to own newspapers and broadcast outlets in the same city and television stations reaching 45% of the public nationwide, could be finalized by next week.

In response, the White House is threatening to veto any resolution passed by the Senate.

In related news on the other side of the media equation, journalism schools are facing "their worst public financing crisis ever," accordiing to Editor & Publisher.