Just what we need. More media consolidation...
Ain't dat the truth!!! :wink:
Media was deregulated and therefore consolidated by the huge corporations with the signing of the Tele-Comm Deregulation Act of 1996. Signed by Pres Clinton but authored by the Republicans.
Ten years later, this is the way I see it;
Tens of thousands of jobs were eliminated.
Hundreds of small businesss were eliminated that supported the numerous broadcast companies.
Programming across the country has become homogenized with fewer choices.
Programming Pioneering is dead because no one wants to take a chance.
Some had hoped that Satellite Radio would be the savior but they are broke and barely hanging on.
Now the big groups are selling off their smaller markets and broadcasters are returning to the business that is currently being run by the bean-counters. The big groups are hanging onto their properties in the top 75 markets, so not much change coming to those cities.
TV consolidation has been a much slower process but, will have the same negative impact for viewers.