The 1996 Telecommunications Act Set Off an Unprecedented Consolidation in Radio

question 6

True/False

The 1996 Telecommunications Act set off an unprecedented consolidation in radio station ownership.

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Definitions:

Bond

A security reflecting a relatively long-term debt relationship between the issuer (borrower) and the buyer (lender).

Financial Market

A marketplace where buyers and sellers engage in the trade of assets such as stocks, bonds, currencies, and derivatives.

Securities

Financial instruments representing an ownership position, a creditor relationship, or rights to ownership, such as stocks, bonds, and options.

Regulated

Controlled or governed according to rules, typically by a government agency or authority.