There has been quite a bit of comment about this in the media lately. I will admit that I'm not fully up to speed on this in terms of the details, but basically, my understanding that FCC regulations regarding media ownership are being relaxed. It will now be possible for a single entity to own television stations that account for up to 45% of their market's viewers. One network could own 3 television stations in the same market, and other media outlets such as newspapers could also own a television station. Is this a good idea? Does this serve the public interest? I have my doubts, and you all should know that I'm not really in favor of governmental regulation, but this might be an exception. Bear with me while I tell you all about Los Angeles.....
At the present, LA has a number of broadcast (not just cable) television stations. Seven of them are VHF, and CBS owns 2 already, channel 2 (KCBS) and channel 9 (KCAL). Channel 5 (KTLA) is owned by the same company that owns the Los Angeles Times newspaper (Tribune). Then, we have channel 4 (KNBC) owned by NBC which also owns Telemundo, a spanish language network on UHF here, channel 34 aka KMEX. Disney owns Channel 7 (KABC), and Fox has channel 11 (KTTV) and channel 13 is UPN. LA is the second largest market in the US, but in terms of broadcast channels, it's really not that diverse. In the case of KCBS and KCAL, you have the same reporters doing the same story on both, just at different times. They have the same news director, the same editorial staff, and the same pool of reporters. I'm sure that saves them money, but from the viewer standpoint, is that a good thing? I don't think so, I'd like different points of view.
I have heard arguments from those who support the FCC decision that cable offers an alternative, but does it really? Where is the alternative there? It seems that FOX, NBC, AOL-Time-Warner, CBS-Viacom and Disney own most of the cable stations as well. This whole consolidation seems to me to be a bad thing. What do the rest of you think and what could we do about it?
I forgot to add a link to an article about this......
Washington Post