FCC RELAXES RADIO RULES.(Business)

Byline: Associated Press

Amid pressure from Congress and some broadcasters, the Federal Communications Commission on Wednesday trimmed the number of radio stations a single owner may possess under new ownership rules.

The commission voted to allow a single owner to hold up to 18 AM and 18 FM stations nationwide. Earlier this year the commission issued new rules that would have allowed an owner to have as many as 30 stations in each category.

Currently, radio station owners can hold no more than 12 AMs and 12 FMs nationwide, with only one of each in a single market.

Under Wednesday's changes, the limit will be increased to 20 …