Senate votes to roll back media ownership rule

Commerce Committee Chairman Daniel Inouye, D-Hawaii, opposed the FCC's action.

"In recent years, we have seen an increase in coarse and violent programming, coupled with a decrease in local news and hard-hitting journalism," Inouye said Thursday night. "To say these trends are not in the best interest of the American people, and especially our youngest citizens, is clearly an understatement."

Obama issued a statement supporting the vote.

"Today the Senate stood up to Washington special interests by voting to reverse the FCC's disappointing media consolidation rules that I have fought against," he said. "Our nation's media market must reflect the diverse voices of our population, and it is essential that the FCC promotes the public interest and diversity in ownership."