The Telecommunications Act of of 1934 was the legislation passed by congress that removed ownership restrictions for radio companies allowing for an age of rapid consolidation.

Question

Quizplus · Accepted Answer

The Telecommunications Act of 1934 primarily aimed to regulate the radio and telephone industries, and it did not specifically address ownership restrictions to allow for rapid consolidation. The Act established the Federal Communications Commission (FCC) to oversee and regulate these industries. The Telecommunications Act of 1996, not the 1934 Act, significantly changed ownership restrictions, facilitating consolidation.

The Telecommunications Act of Of 1934 Was the Legislation Passed