Media Dereg, Part II

Back in 1996, the U.S. Congress passed a Telecommunications Act which allowed large media companies to hold multiple TV and radio stations in a single market, and to consolidate and merge their businesses as never before. Predictably, the large companies which took advantage of the legislation now control a high percentage of the nation’s media outlets. Now, the FCC is considering a further loosening of restrictions on ownership, sparking a familiar debate between Big Media and, well, most everyone else.