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From the article: > "The moves, which include easing a cap on how many stations a broadcaster can own, have opened up lucrative opportunities for Mr. Smith, am
by 0xfeba 9y ago
From the article:
> "The moves, which include easing a cap on how many stations a broadcaster can own, have opened up lucrative opportunities for Mr. Smith, among them a $3.9 billion bid to buy Tribune Media, another large owner of stations."
> "Associates say both men believe that local television stations, which fall under the commission’s rules because they broadcast over federally owned airwaves, are at a disadvantage when competing against cable companies and online streaming services like Comcast and Netflix."
> "Loosened regulatory requirements, Sinclair executives said, will help even the playing field and benefit millions of Americans who rely on broadcast stations for news and entertainment by allowing the companies to invest in new equipment and technology."
I don't watch (local) TV, but the Jon Oliver piece [1] on Sinclair was eye-opening. I understand how larger companies can invest in new technology. However, cable and broadcasting companies have historically not done this [2] because they are near monopolies (or duopolies). These deregulations make things less competitive, not more. I don't understand how conservative voters who support these moves and the magic of the free market at the same time do not see this.
There's no leveling the playing field here, unless it's in the sense of bulldozing all the players out to make room for a few giants who are cooperating on some occasions to avoid competing.
> “I’ve been listening carefully to what you have to say,” Mr. Pai told broadcast executives in late 2012. “Unfortunately, it seems there’s a widespread perception that today’s F.C.C. is largely indifferent to the fate of your business.”
Why should the FCC care about business fates beyond their mission of providing fair service to consumers?
1 - https://www.youtube.com/watch?v=GvtNyOzGogc https://www.youtube.com/watch?v=GvtNyOzGogc
2 - http://newnetworks.com/ShortSCANDALSummary.htm http://newnetworks.com/ShortSCANDALSummary.htm