In a not at all shocking decision the FCC voted 3-2 today to ease rules on media ownership:
At one level, Monday’s vote represents a high-stakes power struggle at FCC headquarters between left-leaning groups—along with a few conservative allies like the National Rifle Association—and free-market groups and Republicans in Congress. The FCC’s tense internal deliberations also highlight an ideological conflict between two wildly different views of how to keep prices low and competition robust: Is it wiser to increase the number of federal regulations or to gradually rescind them?
Although we firmly believe in limited government and the free-market, the influence the big media conglomerates has over American media is staggering. The big companies are sure to grow bigger as a result of the new ruling. Let’s see how things change here in Texas. To that end, we have prepared a review of media ownership in D/FW as of today:
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