FCC Wants to End Persecution of Media Moguls

Orson Welles in Citizen Kane

The L.A. Times (11/6/12) reports that following the election, the Federal Communications Commission appears likely to ease cross-ownership rules–because supposedly nobody cares about that stuff anymore. The article by reporter Jim Puzzanghera tries to work up sympathy for media moguls: Paul Boyle, senior vice president for public policy at the Newspaper Association of America, said the rules make it difficult for investors who have as little as a 5 percent ownership in a broadcast company to buy a newspaper in the same market. Pity the poor billionaire who owns a mere 5 percent of Disney or Time Warner–and still they’re […]