FCC Set to Give Rupert Murdoch a Media Monopoly
Murdoch is currently jockeying to buy the Los Angeles Times and the Chicago Tribune, which just so happen to be the largest newspapers in the nation’s second and third largest cities. That will add to his current media empire in the United States, which includes the most watched cable news network in the nation, Fox so-called News, and the most circulated newspaper in the nation, The Wall Street Journal.
The only thing standing in Murdoch’s way of full-spectrum media domination in America are Federal Communication Commission rules that forbid one company from owning both a newspaper and a television station in one community. Murdoch already owns local television stations in both Chicago and Los Angeles.
But according to sources within the FCC, Chairman Julius Genachowski is quietly planning to scrap those rules. Under pressure from major media moguls like Murdoch, who see big bucks and huge political power in a consolidated national and local media, Genachowski circulated a new order to other FCC Commissioners that would allow for cross-ownership of TV and newspapers in the nation’s twenty biggest media markets.
Yea that’s what we need, more Rupert Murdoch mentality infecting our media.