We yesterday wrote about Chairman Pai’s promise to start the process of modernizing media regulation by abolishing a simple but outdated rule – one requiring that each broadcast station have a physical copy of the FCC rules on the station premises. Yesterday, the FCC released a draft of their Notice of Proposed Rulemaking to implement that change in the rules. That draft will be considered at the FCC meeting later this month (on September 26), after which a final copy of the NPRM will be released, and later published in the Federal Register setting formal comment dates. It is a very small step toward the modernization of media regulation sought by the Chairman, but a step nevertheless.