Ted Turner's Beef With Big Media
pizen writes "Washington Monthly has an article from Ted Turner where he talks about the problems with the media conglomerates and calls for them to be busted: 'At this late stage, media companies have grown so large and powerful, and their dominance has become so detrimental to the survival of small, emerging companies, that there remains only one alternative: bust up the big conglomerates.'"
Why not just change the law to make media companies to accommodate to customers needs?
There's already a remedy for customers whose needs aren't being met . . . go someplace else. You don't have to watch CNN, or Fox News, or MSNBC, or others. Your choices will be more limited, but you DO have alternatives. The law will never be as effective as customer demand at compelling businesses to run effectively.
Sadly, the media companies are as successful as they are because the services they provide are popular with the public. Personally, that fact appalls me, but it's the truth.
'I ain't a liar, baby, and I ain't proud I just want what I'm not allowed.' -- Violent Femmes, 36-24-36
That sentence scares the hell out of me. You want laws put in place by politicians that dictate what we want? Every politician has an agenda and bias. I, for one, would never conceed to such a thing. They would pick something even more liberal or conservative than what we already have.
Two roads diverged in a wood, and I - I took the one the bus load of girls just went down.
If the "big media conglomerates" aren't offering people what they want because they have to cater to the largest demographic (lowest common denominator) possible, it seems to me this creates more openings for the smaller fish, as the "big guys" can't afford to tackle and grow the niche markets.
He's actually criticizing himself to some degree too - I have to give him some credit there
His remarks are applicable to lots of media, radio stations (something like 3 companies run 90% of the FM stations), the book publishing industry (small presses are going extinct, and about 4 massive publishers run the market now), bookstores (about a 60% of US independent bookstores have closed in the past 5 years), mega retailers (Home Depot, Wal-Mart, etc) have destroyed the smaller, 'mom & pop' businesses.
While many people think the 'uber' stores are a good thing - ultimately we are often given less choice, more average/mediocre products, and little innovation and originality.
'The unexamined life is not worth living' - Socrates
How about it? Let's slashdot bad news agencies!