What did the Telecommunications Act of $1996$ do$?$

It forbade telephone, radio, and TV industries from competing directly with one another.

It ended a media monopoly by splitting up regional phone companies, long$-$distance carriers, and cable companies into distinct industries.

It allowed regional phone companies, long$-$distance carriers, and cable operators to enter and compete in one another's markets.

It forced digital satellite services to carry programming from local stations.