Murdoch's Journal is Bad News
Posted on August 1.2007 by Ira Horowitz
Rupert Murdoch’s buyout of the Wall Street Journal is very troubling. This deal -- which shows the failure of U.S. media policy to protect localism -- gives Murdoch too much control over the national media.
The FCC and Congress have created rules that prevent one company or person from controlling too much media in a local market or even nationally. These essential rules have been put in place to protect local and diverse media sources.
However, it seems every time a company like New Corps wants to buy another station, the FCC increases the ownership limits.
Media consolidation is bad for consumers and bad for democracy. The fewer view points available to the general public, the less inform we are as citizens. Furthermore, if there are only a few voices doing the talking then it significantly increases their capacity to shape public opinion, politics, and daily life.
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