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![]() "CW" wrote in message ... He has no evidence. It is a product of his mind. It has always been government policy to prevent any one, or only a few, entities from controlling the majority of the media. That includes newspapers, TV and radio. The reason for that was to ensure variety of opinion. We had a case here locally a year of so ago where, one of the two largest newspapers in the area wanted to buy the other. They had to get government permission to do so. They were denied. If it had been two bicycle factories, the government would have no say about it. The deregulation and buy up of radio stations is due to greed helped along by a president (passed) that had the motto "Morals? We don't need no stinkin' morals". The government might have had something to say about the bicycle factories if the buyout led to a monopoly of the US bicycle market. But the whole anti trust picture has changed in the last 30 years or so for both bicycle factories and the media. I'm sure the competition from new media such as cable TV, sattelite radio and TV and the internet has changed Congress' and the FCC's opinion on the need for strict ownership regulation. Anyway, Clear Channel is making a profit now, but I don't think it's a particularly big profit. Despite running a huge number of radio stations, I doubt their stock will rise like Microsoft's did in the 90s. Nor do I think Clear Channel and the other large networks will be raking in the cash like the radio and TV networks did back from about 1930 to 1980. Let's not forget that some stations were going dark a few years ago. That was fine with me, because when I tune around at night I think there are too damn many stations, but Congress didn't ask my opinion. I did see the sense of the old restrictions, and if a radio station couldn't make enough money to stay on the air, they shouldn't. I suppose the modern Congressman feared taking the political blame if one or two small market stations in his district should go dark. Oh well. At least telecommunications act, or whatever they called it. didn't bloat the government or the deficit. Other legislation has been worse. Frank Dresser |
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