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That is what happens when the press is owned by a few billionaires or a couple of large media companies. As I mentioned before, no 1 entity (includes all subsi
by jmclnx 2y ago
That is what happens when the press is owned by a few billionaires or a couple of large media companies.
As I mentioned before, no 1 entity (includes all subsidizes, immediate family) should own no more than 3 Media Outlets. Media includes all kinds of Social Media, Broadcasting (Radio, TV Streaming) and Entertainment creation companies (like Fox, CBS).
This was pretty much forecasted when the fairness doctrine was eliminated.
- Amezarak 2y agoI agree that we need to break up large conglomerates and corporations, but I don’t think this is what caused the decline in media trust. The media breathlessly reporting fake stories and denying true ones did.
- alabastervlog 2y agoWe used to have half-decent media-reach ownership rules, but those have been greatly relaxed this century, and desperately need to be strengthened and extended to the Web.
- euroderf 2y agoA big leap was when the then-independent big three TV networks sold themselves to conglomerates. I think all three sold in the 1980s.