Media has perhaps the most competing firms of any nationwide industry. I don't understand this take, and I see it a lot. There are probably 20 relatively trustw

Media has perhaps the most competing firms of any nationwide industry. I don't understand this take, and I see it a lot. There are probably 20 relatively trustworthy outlets through which you can consume US news. That is a lot. Look at the competitive landscape in other industries. There are basically 4 tire companies, 4 or 5 home builders, 6 or so mobile handset manufacturers, 4 or 5 US based airlines... You get the picture. And all of those industries are still decently competitive.