Statements like this by gigantic Federal bureaucracies always leads to some move against freedom.
They will look to either restrict the ability of the internet to report news (which the government would love, the ruling democrat establishment would love nothing more than to shut down Andrew Britebart and Matt Drudge amongst others). Or they will be after confiscatory taxes on the internet, on news sites, on bloggers, to subsidize "local" news.
As others have said in this story, the lack of support for local news couldn't have anything to do with the fact that businesses aren't local anymore like they were 50 years ago... 50 years ago every town had more than one newspaper. Every radio station had a full airstaff AND a news department. Why? Because local advertisers PAID for this.
The FCC realizes that it's reason for existence (over the air radio and TV) is coming to an end because it's being overtaken by internet broadcasting. They also realize that the chink in the 1st Amendment that was created for them in 1934, the fact that radio spectrum has limits, ie, there is scarcity, which paved the way for the Feds to decide who could broadcast and who couldn't, is mooted by the fact that the Internet has NO LIMIT of channels.
So they have to invent some other form of "scarcity" to give them some toehold on the Internet.