rock on, Ted Turner

Monopoly or Democracy?

"On Monday the Federal Communications Commission (FCC) is expected to adopt dramatic rule changes that will extend the market dominance of the five media corporations that control most of what Americans read, see and hear. I am a major shareholder in the largest of those five corporations, yet -- speaking only for myself, and not for AOL Time Warner -- I oppose these rules. They will stifle debate, inhibit new ideas and shut out smaller businesses trying to compete. If these rules had been in place in 1970, it would have been virtually impossible for me to start Turner Broadcasting or, 10 years later, to launch CNN." [...]

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2 Responses:

  1. lhooqtius says:

    Ted Turner's opposing media monopolies is sort of like George Soros' opposing predatory investing. If you boys hadn't had fat, juicy, sluggish systems to plunder when you were young, you'd still be mere millionaires and nobody would give a damn what you think.

    Still, I agree with their messages, so if the messengers are a bit hypocritical - well, who isn't, especially in politics and business.

    Now let's see them put their substantial Earth Monies! where their mouths are and fund the organizations opposing monopolistic media and banking practices...

  2. otterley says:

    Apparently the Senate leadership is none too happy with the ruling, and believe they have enough support to force the FCC to undo it.

    Is it typical for the son (C. Michael Powell) to be more evil than the father (Colin Powell)?