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f9488a8cf8 Moguls Millions. The cable powers led by AOL Time Warner take the tack that owning the franchises guarantees their networks favorable treatment. The Communications Act and its revisions mandate promotion of the public interest, and thus the encouragement of a diversity of voices so as to promote a vibrant democracy. The trend in the 1990s has been to merge media companies, and thus, while audiences see and hear a variety of new channels, these services are controlled by fewer and fewer owners. Community service has given way to corporate profit centers (Compaine and Gomery 2000; Halonen 2001; Squires 19941). 1999. However, while free market economists focus only on this performance criterion, public policy analysts ought to weigh others. message . It is not the news media that has proven profitable; rather, it is broadcast television. Picard, R., J.
Indeed, citizens have access to this summary already through an Internet site. Milwaukees Journal Communications, owner of the Journal-Sentinel newspaper and the local NBC affiliate WTMJ-TV and radio station, became a cheerleader for a new baseball stadium to be paid for by the taxpayers. Hamilton, J. Universally, these journalists argue for a return to competing local media both newspapers and television. Yet despite this congressionally approved effort to keep a second newspaper voice alive, the local newspaper business is less competitive than ever. Indeed, the monopoly of newspapers is so secure that there has not been a hostile takeover since 1976, when the Newhouse familys privately owned Advance Publications went after Booth Newspapers, owner of a Midwest newspaper chain. We also can seek to diversify the mass media, and the cross-ownership rule furthers this goal (Hamilton 1998; Waldfogel 2001).