Slashdot Mirror
FCC Approves Media Consolidation
evenprime writes "You can expect more media consolidation in the future. CBS is reporting that the FCC has approved the media deregulation that was previously discussed on Slashdot. Expect Clear Channel, Viacom and their kin to get bigger, and the radio to have even less diversity (a situation that some people think is responsible for falling CD sales)."
"If I were a record seller, I'd lay heaps of blame on radio, which used to be 80 per cent of the reason people bought music. ..... Today, that figure is closer to 20 per cent, insiders say."
I know the radio sucks, but I had no idea that the record industry felt the same way. Seems like everything to do with music needs a remodel.
"I can not bring myself to believe that if knowledge presents danger, the solution is ignorance" - Isaac Asimov
It increases the ownership from 35% to 45%, but prevents mergers from the big 4 (Fox, ABC, CBS, NBC). I'm not sure the % increase would make a huge difference anyway, but by not allowing the big guys to merge will keep some semblance of diversity in programming. That's assuming you think there is currently any diversity in OTA offerings.
Also the radio markets are still limited to a max. of 8 in markets of 45 or greater stations. Same issue as above, if there is no variety now, how in the world are they going to make it much worse?
-- Rick
This has nothing to do with liberalism.
Market consolidation is just a pretty way of saying COMMUNISM.
The whole point of capitalism (for those of not Robber Barons) is the beneficial side effects of competition that arise out of multiple players existing in the marketplace. Eliminate choice and diversity from the marketplace and you are left with the unacceptable choice of either putting up with the crap or stop participating in the market.
A Pirate and a Puritan look the same on a balance sheet.
...the Golden Rule. You know...he who has the gold makes the rules.
It's rather sad, really. Here's a good example why: My home state is North Dakota. When Grand Forks and Fargo had a three-day ice storm during the winter of '96-'97, there was a radio station in town which 24-7 covered every single piece of news or announcement related to the event. Even with the phone lines down, our high school speech team was able to use the radio to tell everybody back home that we were alright.
On the other hand, a little more than a year ago, Minot (town of about 38,000 people in central North Dakota) had a train carrying anhydrous ammonia (cheap fertilizer) that derailed in the town early in the morning. Everybody instinctively turned on the radio (either after hearing the crash, seeing a huge white cloud of ammonia coming their way, or feeling the smoke burn their lungs) to find out what was going on, only to hear music. Six of the seven radio stations in Minot are owned by ClearChannel. Afterwards, when asked for a comment, ClearChannel said that they were in the business of playing music and selling advertising, not 24-7 local news coverage.
It's about the money.
The Newspapers, TV Stations, and Radio stations will soon have the same parent company.
In reality this will hurt in that Newspapers will be bought by bigger corporations (clear channel), and the content will be dumbed down, local personalities will be "Right-sized" to control profit margins in place of Market researched personalities.
This hurts, and you will notice the difference. Right now newspapers and newsstations keep each other in check by double-checking facts. Soon you will have one person double-checking facts for the radio, newspaper, and television. You get one slant, one idea, and one perspective from all three. That is where the diversity will be lost. I hope you like reading BBC newspapers over the internet, because soon that's where the best news you get will come from.