Five Things You Should Know About the FCC’s Big Media Giveaway

by Josh Stearns

The Federal Communications Commission is charging ahead with its plan to let Rupert Murdoch gobble up more media outlets. And we've just learned that the FCC may try to hold a secret vote to allow more media consolidation in the U.S. — possibly within the next two weeks.

Murdoch has set his sights on the Los Angeles Times and the Chicago Tribune — the major papers in the nation's second- and third-largest cities (where, incidentally, he already owns several TV stations).

And get this: The FCC is trying to change the rules so Murdoch can get exactly what he wants. Worse, FCC Chairman Julius Genachowski is hoping the agency can pass these changes without you noticing.