Who controls the news? After court rulings this week, doors are wide open for new deals that could make the Rupert Murdock/Sumner Redstone world of media magnates even smaller. With fewer and fewer people deciding what stories get covered on radio and TV and in the papers, some say cross-media monopolies are undermining the market. If the only thing keeping editors honest is competition, what’s to prevent a 500-channel, but one-view world?
Supposedly, the FCC; the organization charged with protecting the public and keeping stories like Citizen Kane from coming true. But the new FCC chairman thinks more free market and less regulation is good for the economy and good for you. The leaner, meaner media, mergers and the FCC
Blair Levin, media analyst with Legg Mason and former chief of staff for the FCC
Mark Cooper, Director of Research, Consumer Federation of America