Traditional local media (broadcast radio, newspaper, broadcast TV) are oversupplied and under severe economic/competitive pressure; there needs to be less of th

Traditional local media (broadcast radio, newspaper, broadcast TV) are oversupplied and under severe economic/competitive pressure; there needs to be less of them which means consolidation and winding down marginal operations. It's kind of unreasonable for regulators to be too harsh on consolidation in a shrinking market, what else are they going to do to survive?