Describing News Corp.’s proposed $5.6 billion acquisition of Dow Jones as “unprecedented,” FCC Commissioner Michael Copps urged Kevin Martin, the agency’s chairman, to launch an investigation into the News Corp.-Dow Jones merger, which, according to Copps, “would appear directly to affect the New York metropolitan market in terms of localism, diversity and competition.” Dow Jones is the parent of the Wall Street Journal, which, for the purposes of the FCC’s newspaper-broadcast cross-ownership rule, is deemed to be a national publication. News Corp., meanwhile, counts among its vast assets the Fox Television Network, the New York Post, several cable channels, and 35 full-power television stations that include two New York area outlets: WNYW and WWOR. Although the merger would result in a single entity owning two of the five largest newspapers in the U.S. as well as a major broadcast network, the transaction is not under FCC review as News Corp.’s proposed ownership of the Wall Street Journal falls beyond the scope of the cross-ownership rule which applies to locally-owned newspapers and TV stations within the same market. Emphasizing “the implications of this proposed acquisition on the national media market,” Copps nevertheless told Martin: “I think it is essential that the FCC determine whether approval of this transaction accords with our public interest responsibilities and whether our existing media ownership rules and precedents are adequate to deal with this . . . transaction.” Observing that “the FCC has never had occasion to receive comment . . . on the important public interest issues raised by (1) a national network owner owning one or more newspapers that are read across the nation, or (2) a company already operating under waivers of the newspaper-broadcast cross-ownership ban acquiring a second newspaper published in that locality,” Copps added: “these are important issues that surely deserve serious consideration by the Commission and the American public.”