The National Association of Broadcasters petitioned the Supreme court to lift the restriction on how many stations or newspapers a company can own in the same market. The broadcasters argued that monopolies would not be created. Instead, letting a company buy as many stations as desired, would help it prosper financially. In turn,it would be able to have better quality journalism.
The most comical thing about this is how blurred the line is between business and journalism. You’d think that publications would already be practicing quality journalism. I’d like to caution these broadcasters, buying sprees don’t always end up creating good journalism or financial prosperity. Just ask Clear Channel radio. It was buying radio stations left and right…..until it went bankrupt.