Today the U.S. Court of Appeals for the Third Circuit rejected a Federal Communications Commission (“FCC”) rule intended to relax restrictions on media companies seeking to own own television stations and newspapers in the same geographic market. Prometheus Radio Project v. FCC, Nos. 08-3078, et al. (3d Cir. July 7, 2011). The court found that the relaxed standard, which the FCC adopted in 2007 as part of a general overhaul of its newspaper/broadcast cross-ownership rule, failed to meet the notice and comment requirements of the Administrative Procedure Act.