... one wonders why [Goldman Sachs] and [JP Morgan] were so eager to provide "rescue" financings to virtually the entire distressed media space: both companies knew too well that sooner or later they would end up with full equity control over essentially the most coveted industry: thousands of TV stations, radio channels, newspaper and magazines. (via) (previously)
posted by Joe Beese on Sep 23, 2009 - 16 comments

Court throws out FCC media ownership rules The appeals court in Philadelphia said the methods the FCC used to craft their new media ownership rules were bunk. Major media outlets aren't devoting much to this setback, but activist groups have reacted by calling for hearings across the country. No one seems to know what's next.
posted by drywall on Jun 28, 2004 - 11 comments