Diller wants more regulation: networks have turned into an 'oligopoly,' he laments. (Top of the Week: NAB).

Broadcasting & Cable, April, 2003 by McClellan, Steve

About those huge vertically integrated media companies that USA Interactive CEO Barry Duller has spent most of his career working for. He wants you to know they're not evil. They just need to be regulated. In some cases, "tightly" regulated.

That was the message of the former Paramount CEO, Fox Studios president and Vivendi Universal Entertainment CEO to NAB convention attendees at the Las Vegas Hilton last week. "We need more regulation not less," he said, arguing that the 35% cap on TV-station ownership ought to stay in place. Raising it "is not good for the industry or the public."

Diller also said that the reinstatement of "some form of financial-interest rules" for media conglomerates would be good for both the industry and the public....

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