Posts Tagged ‘cross-ownership’
FCC chairman Kevin Martin and his Big Media buddies like to suggest that media consolidation creates a stronger media and allows one company to serve the local community better through “synergy” and “efficiencies of scale.”
They suggest that by leveraging the combined resources of media conglomerates and local papers they can bring a new level of service to local communities.
But using the FCC’s own data, we’ve shown that allowing one company to own a major daily newspaper and broadcast station actually decreases the amount of local news in a given community. And this week, one media giant has proven that cross-ownership also leads to fewer jobs. Read the rest of this entry »