A bill to extend until January 1, 1989, the waiver granted by the Federal Communications Commission to the New York Post in connection with the Federal Communications Commission's rule relating to the common ownership of a daily newspaper and certain television stations, and for other purposes.

Amends the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriation Act, 1988 with respect to funds appropriated to the Federal Communications Commission. Exempts the New York Post from application of the prohibition against the use of such funds to extend the time period of current grants of temporary waivers to achieve compliance with FCC rules governing the common ownership of a daily newspaper and a television station whose primary field strength contour encompasses the same community. Extends until January 1, 1989, the waiver currently in effect with regard to the Post.