Josh from Free Press sez, "
FCC Chairman Julius Genachowski wants to gut existing rules that limit media consolidation. This is bad news for people who care about the effects of too much media in too few hands.
Genachowski's proposed plan would make our media less diverse, create local media monopolies and ultimately mean less news.
This rule would allow ONE company to own a daily newspaper, two TV stations and up to eight radio stations in your town. And that one company could be your Internet provider, too. Scary."