Question Description
Because of the importance of media – TV, radio, newspapers and internet – in providing information and influencing public opinions, economist pay careful attention to the market structure of these producers. In the recent years some firms have gained control over multiple forms of media and gained increased market share within some media markets. At the same time new media grew including cable, TV and internet. Thus there are two trends one possibly decreasing competition the other possibly increasing it.
At the heart of public debates are US Federal Communication Commission ruling on media ownership. Use these sources
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