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Feingold Bill Would Curb Radio, Concert Abuses
A Wisconsin senator took aim at radio and concert-promotion giants on Thursday with legislation that seeks to curb alleged anti-competitive practices in the recently deregulated industries. Pointing to a decline in local ownership of radio stations, escalating ticket prices, and strong-arm promotion tactics, Democratic Sen. Russell Feingold said his bill would rein in the worst abuses of an industry that has undergone rapid consolidation since ownership caps were relaxed in 1996. “I think it is time for Congress to make a strong statement on this,” Feingold said. The 1996 Telecommunications ( news – external web site) Act eased restrictions on… Read more »