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News reports say the FCC may have to revisit newspaper-broadcast cross-ownership restrictions because of the rotten financial condition of print newsosaurs. House Speaker Nancy Pelosi (D-CA) has written to the Justice Department suggesting it take a broader view of competition when it considers possible media mergers. Big Media has gone to court to further relax these rules, while consumer groups oppose any more media deregulation because it’s putting too much control in too few hands.
Editor-in-Chief Nikki Finke - tip her here.
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Save it Pelosi. If print media is slipping into the tar pits, then relaxing anti-trust laws isn’t going to pull them out. I’m no Libertarian (yet), but at some point we have to let Nature take its course. And do we really need to give MORE power to the Oligarchs of the business world? Come on, sing it with me: ‘The (LA) times, they are a’changing.”
ugh, no more mergers or deregulation, even in regards to newspapers and big media. mergers and deregulation are seriously what has killed Hollywood.
Don’t you just love the way politicians say that the media are too liberal and too powerful, and then they do everything they can to make them more powerful? Charles Foster Kane put it best: “I’ve got to make the New York ‘Inquirer’ as important to New York as the gas in that light.” Today’s newspapers are mostly gas and very little light. You can’t cover local news with syndicated stories or reflect community concerns with chain ownership. Online editions do nothing to build solidarity or encourage local advertisers. Pelosi’s predecessor, Tip O’Neal, said that “all politics is local,” and she misses the point if she thinks the same thing doesn’t apply to news and information.
Pelosi. Great.
I say break up the congloms and give more people more shots to be entrepreneurial. Problem with the media business is too few own too much and therefore competition is nowhere to be found. I suggest movie companies make movies, broadcast networks broadcast televsion, newspapers (online of course) report the news. Anyone who is out there trying to change the paradigm is facing stiff resistance but to quote El Mono… ‘The times, they are a’changing’ indeed.
Speaker Pelosi should’ve seen the hand writing on the wall. All over the newspapers are having cutbacks and layoffs. Just becouse you pass some act it isn’t going save an industry. Most of the fault lies with the newspapers publishers for not changing thier business models and adapting to change. Even our local paper got a letter concerning that it might go instinct from one its paper carriers. The editor responded like not to worry but I’m skeptical.
THe newspaper publishers should’ve adapted to the radical new market changes like thier readers have done.
why waste time, Pelosi.
Have all media and news merge into one massive, mucho, mega company. It will be the height of efficiency, with all news and entertainment coming from one mouth piece. Preferably, all controlled by one wise view – yours.
I have to agree with Chuck, in part. I think a lot of the problems in the newspaper industry right now were brought on by people in the newspaper industry who didn’t get with the times. That said, it doesn’t help matters when big business buy up everything to control the market share and then cut jobs to further boost the bottom line.