“The Telecommunications Act of 1996 was supposed to the broadcast market to competition, saving the American public from monopolies. In reality, the Act opened the door for massive deregulation and media conglomeration. It accomplished this by way of the FCC not enforcing the rules it set forth. Today, we see companies like Sinclair Broadcasting gobbling up huge broadcast market shares. And the FCC continues to try to allow for even more conglomeration. We have an oligopoly in the American media, and it’s poised to get even worse. The Resident (aka Lori Harfenist) discusses.”
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