Late and undesirable
Reading this should cure from the notion the regulatory agencies has positive effect on the market. At best after long discussions and paper pushing they growing into completed irrelevancy; The problem is that they then try to force the market to comply with irrelevant regulations…
Link: As FCC Digs Into Ownership, Big Media No Longer Cares
Last week, the Federal Communications Commission voted to re-tackle the sticky issue of media ownership. This time, the agency plans to loosen some rules, allowing big media companies to expand. For instance, a newspaper will — for the first time since 1975 — probably be allowed to buy the most popular television station in the same city.
But the times, technology and media marketplace have changed so much since the FCC began its ownership review last time, in 2002, that some of the same media giants that lobbied for changes before — such as Tribune Co. — may take little advantage of changes this time.
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