Twenty Years of Media Consolidation Has Not Been Good For Our Democracy

[Commentary] Wall Street’s sinister influence on the political process has, rightly, been a major topic during this presidential campaign. But history has taught us that the role that the media industry plays in Washington poses a comparable threat to our democracy. Yet this is a topic rarely discussed by the dominant media, or on the campaign trail. But now is a good time to discuss our growing media crises.

Twenty years ago last month, President Bill Clinton signed the Telecommunications Act of 1996. The act, signed into law on February 8, 1996, was “essentially bought and paid for by corporate media lobbies,” as Fairness and Accuracy in Reporting (FAIR) described it, and radically “opened the floodgates on mergers.” The negative impact of the law cannot be overstated.The act dramatically reduced important Federal Communications Commission (FCC) regulations on cross ownership, and allowed giant corporations to buy up thousands of media outlets across the country, increasing their monopoly on the flow of information in the United States and around the world. Twenty years later the devastating impact of the legislation is undeniable: About 90 percent of the country’s major media companies are owned by six corporations. This issue has not been central in the 2016 presidential election. But it is deeply concerning that, of all the presidential candidates running in 2016, the Big Media lobby has chosen to back Hillary Clinton. Media industry giants have donated way more to her than any other candidate in the race, according to data from the Center for Responsive Politics. In light of this, we must be mindful of the media reform challenges we face in the present, as we try to prevent the type of damage to our democracy that was caused by the passing of this unfortunate law.

[Michael Corcoran is a journalist based in Boston (MA)]