The FCC, Weblogs, and Inequality
http://shirky.com/writings/fcc_inequality.html

Yesterday, the FCC adjusted the restrictions on media ownership,
allowing newspapers to own TV stations, and raising the ownership
limitations on broadcast TV networks by 10%, to 45% from 35%.  It's
not clear whether the effects of the ruling will be catastrophic or
relatively unimportant, and there are smart people on both sides of
that question.  It is also unclear what effect the internet had on the
FCC's ruling, or what role it will play now.
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What is clear, however, is a lesson from the weblog world: inequality is
a natural component of media.  For people arguing about an ideal media
landscape, the tradeoffs are clear:  Diverse. Free. Equal.  Pick two.