The new F.C.C. chairman’s plan to slacken net neutrality rules is a boon to tech giants and a bane to competitors and innovators.
Recent changes at the F.C.C. governing station ownership would allow Fox and Blackstone to vie for 42 television stations, valued at about $3.2 billion.
Mr. Pai, who has been unwinding Obama-era regulatory efforts, is putting two items up for vote on Thursday that would empower telecom companies and broadcasters.
First, privacy rules fell. Up next are net neutrality, broadband subsidies and rules blocking local media consolidation.