The straight dope on what's going on in Hip-Hop, Media and Entertainment

May 23, 2003

(From Salon. Com)
On June 2, the Federal Communications Commission will make a decision that will probably radically change how Americans receive their news. But if, like most people, you rely on television as your primary information source, chances are you haven't heard a word about it.

At stake are the current rules on how many different properties a media conglomerate can own. Eager to create new economic efficiencies, media companies such as Viacom, AOL Time Warner and the Tribune Co. have been pressing the FCC for years to relax limits on cross-ownership on such things as TV stations and newspapers in the same city. Meanwhile Congress has held several high-profile hearings discussing the likely ramifications of the FCC's decision to invite greater media consolidation.

But to date, most network and cable news operations have all but ignored the story; a story their parent companies have taken extraordinary interest in and spent millions of dollars paying lobbyists to make a reality. And perhaps unsurprisingly, the two television news operations most reluctant to cover the FCC debate -- CBS and Fox -- are owned by the two media conglomerates with the most to gain from a lenient FCC ruling: Viacom and the News Corp.
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