The FCC is proposing changes to media ownership rules. Among other things, it proposes waiving the cross-ownership restrictions.
All you need to know is that FCC Chairman Kevin Martin is proposing to implement this in 30 days, in order to facilitate the sale of Tribune Company to real estate magnate Sam Zell.
You know the drill, http://www.fcc.gov/, and tell them that their idea sucks wet farts from dead pigeons (be more polite than I am).