iHeartMedia 2004 Annual Report Download - page 22
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The federal communications laws limit the number of broadcasting properties we may own in a particular area. While the
Telecommunications Act of 1996 relaxed the FCC’s multiple ownership limits, any subsequent modifications that tighten those limits could
make it impossible for us to complete potential acquisitions or require us to divest stations we have already acquired. Most significantly, in
June 2003 the FCC adopted a decision
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