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While I disagree with a lot of what Pai is doing, this doesn't seem bad and actually seems to reflect reality: > On Thursday the FCC will vote on Pai’s pro
by CoffeeDregs 9y ago
While I disagree with a lot of what Pai is doing, this doesn't seem bad and actually seems to reflect reality:
> On Thursday the FCC will vote on Pai’s proposal to eliminate
> the 42-year-old ban on cross-ownership of a newspaper and TV
> station in a major market.
This already exists. Newspapers are all now websites (basically), so CNN is effectively a newspaper/website that owns a TV station (or vice versa)... No significant newspaper is limited to a major market and I'm unsure of the benefit of a 42yo rule that has a limited relevance to our current reality.
Under current regulations, BuzzFeed can buy WNBC in NYC but The NYTimes cannot? Unfortunately, Pai's logic seems to make some sense.
> more than 39 percent of U.S. television households
But the above 39% thing is totally baffling. From the Justice Department:
> The agencies generally consider markets in which the HHI is between 1,500
> and 2,500 points to be moderately concentrated, and consider markets in
> which the HHI is in excess of 2,500 points to be highly concentrated.
A Herfindahl-Hirschman Index including this one company (@ 40%) would be 1,600 (40%^2). That one company causes the market to be "moderately concentrated" and we're removing this limit. That's completely insane.