This means promoting policies that advance localism, competition and diversity in broadcasting. The FCC is tasked with the responsibility of protecting the public interest when it comes to the media marketplace. A group of 25 companies control nearly a third of all the papers in the United States. Thousands of TV and radio stations have been gobbled up by a few media conglomerates like Sinclair and Nexstar. Reports indicate that Apollo hopes to build a local TV empire to rival these other media conglomerates, and the FCC’s approval of its merger puts the private equity firm on track to do so. Approximately half of America’s newsroom employees have been eliminated since the early 2000s. A region of nearly 1 million people will bear the brunt of these devastating cuts to its primary news source.ĭoing journalism the old-fashioned way: My print-only local newspaper won't chase Twitter likes, Google searches - just the storyĭayton is far from alone in this. These firms implement cost-cutting strategies that bleed newspapers and media outlets dry, leading to reporter layoffs and consolidated newsrooms. History has shown that the quality of news and information has greatly diminished under private equity control. The FCC’s deal with Apollo allows the private equity firm to own a significant amount of media. As the mayor of Dayton and a former FCC commissioner, we are coming together to share our concern about this unprecedented action.
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