Unfettered Ownership Carries Consequences

UNFETTERED OWNERSHIP CARRIES CONSEQUENCES
[SOURCE: TVWeek, AUTHOR: FCC Commissioner Jonathan S. Adelstein]
[Commentary] Earlier this month in Los Angeles, the Federal Communications Commission held the first of six full-commission public hearings on our broadcast media ownership rules. As an FCC Commissioner, the writer is obligated to review and, if necessary, modify the current rules to ensure that they promote competition, localism and diversity. He concludes, "The FCC's review of the broadcast media ownership rules is about our democracy, which doesn't appear on corporate balance sheets. Media companies do not have a right to own more radio and TV stations than they need to affirmatively promote localism, competition and diversity to the fullest extent. Wall Street demands a good return on its media investments. Our job on the FCC is to demand a good return to the public, as well, in exchange for the free use of the airwaves."
http://www.tvweek.com/article.cms?articleId=30789
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