FCC Backing Away From Media Ownership Regulation?

Michael Powell, head of the Federal Communications Commission, indicates that the FCC isn’t interested in more regulation of ownership of media outlets. “The rapid concentration (of ownership) and consolidation has been both good and bad. … Before 1996, radio was on its knees. Sixty percent of stations were not profitable and were in serious straits. A lot of radio stations survived and thrived because of the changes.” Dergulation has resulted in major consolidation of ownership of radio stations in America.