From Senate Votes to Repeal New Media Ownership Rules:
"By a vote of 55 to 40, the Senate approved a resolution that would roll back the F.C.C. regulations allowing television networks to own more local stations and that would have permitted conglomerates to own newspaper, television and radio stations in a single metropolitan market."
...
"The measure faces a tougher battle in the House of Representatives. And President Bush, who has yet to veto a single piece of legislation, has threatened to veto this bill if it reaches his desk."
Why is the president so strongly opinionated about this bill?

