Finally:

WASHINGTON – A federal communications regulator on Thursday said News Corp.’s proposed $5 billion acquisition of The Wall Street Journal’s parent company raises competitive issues nationally and in New York.

Michael Copps, one of five commissioners with the Federal Communications Commission, is asking Chairman Kevin Martin to open a proceeding to study whether the deal for Dow Jones & Co. is in the public interest and whether it will affect diversity and competition.

— from an Associated Press story.  And here’s what Reuters has to report.

It’s about time.