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Media moguls can muck it up without FCC's help.(Opinion)(Federal Communications Commission, new media ownership rules)
Crain's Chicago Business, June, 2003
Byline: Scott Donaton All the hand-wringing over the Federal Communications Commission's vote last week on media ownership misses the point. We don't need federal rules to check the power of media monoliths. Foolish management already performs that function quite nicely. On any given day, all you had to do after reading a newspaper or magazine article detailing concerns over the FCC's plan to loosen ownership restrictions was flip to the next page.
Inevitably, there would be a story about executive-level bungles that had screwed up yet another media giant-often, a story so unbelievable, it would have doubled you over with laughter if a good portion of your child's college fund or your retirement savings hadn't been linked to this overpaid visionary's failed...
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