SubscribeAs for general media consolidation, this is just another temporary trend; the business world goes through regular cycles of consolidation followed by divestiture. For example, not many people remember that it was only a couple decades ago that the behemoth we now know as Sony Records was CBS Records. And that CBS and ABC both had big magazine divisions. Or that NBC used to be owned by the same company that made the vast majority of the radios in this country. Eventually splitting up conglomates will be in vogue again. And in the meantime, zillions of new companies will spring up to compete for your entertainment attention, some of which will succeed very well.
three of the local newspapers in your town...
There is only one city in the entire United States with more than two daily mainstream local newspapers: New York City. The vast majority have only one.
posted by aaron at 3:31 PM on April 20, 2001
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How does this impact people? Fewer conduits of "entertainment" and information. Note, too, that the FCC is considering changing the rules of newspaper and broadcast ownership, along with the 35% restriction.
Big Brother is coming, and it's all Bush's fault.
posted by hijinx at 6:13 AM on April 20, 2001