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March 14, 2005
The FCC Media Ownership Rules Battle
On June 2, 2003, the Federal Communications Commission — charged with regulating media in the public interest — voted 3-2 to change several of its remaining media ownership rules, such as those limiting the number TV stations one corporation can own and banning the cross-ownership of a TV station and newspaper in the same market. The loosening of these rules would lead to a massive wave of media consolidation.
The largest firms would be able to swallow up other media firms they set their eyes upon, and industry observers all expect a flurry of large deals. At the local level, we should expect a single firm, or perhaps two or three firms, to own the vast majority of the media — daily newspaper, TV stations, radio stations, cable TV systems — in a single community.
Such media concentration not only violates the premises of a competitive marketplace, but it makes a mockery of the notion of a free press enshrined in the Constitution.
To learn more and take action, visit: http://www.freepress.net/rules/page.php?n=home
Posted by mwblog at March 14, 2005 09:34 AM
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