The Federal Communications Commission could consider a change as early as next month in a rule that now prevents the owner of a television broadcast station from owning a newspaper in the same city or town, according to the Washington Post.
The issue is getting a lot of attention because Rupert Murdoch, owner of Fox News Channel, is reportedly interested in buying the company that owns the Chicago Tribune and Los Angeles Times. FCC Chairman Julius Genachowski says the proposed rules change would not allow that merger to occur. He said he also would preserve a rule that forbids ownership of more than one of the top four TV stations in a particular market.
Advocates of the change say that the old rules don’t work well in the rapidly-changing media market in which consumers get their news from computers, iPads, smart phones and who knows what else in the future. They also argue that struggling media companies need the ability to pool resources in order to survive.
Opponents say media conglomerates will squeeze out local news, eliminate competition and reduce diversity.
What do you think?