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Media consolidation to ripple across US, feeding giants

A Congress uproar is brewing after the Federal Communications Commission made a controversial decision to loosen media ownership regulations, supporting and empowering media moguls such as the Murdoch family, while restricting diversity. Under the previous Republican administration, an attempt to unravel the same regulations was unanimously down voted by 400 to 20 and quashed by the Supreme Court – with Congress members acknowledging the political minefield that would spawn as a result of loosened regulations. The difference this time around is that President Trump has crafted his own FCC. The long-awaited move means a wave of consolidation will sweep the industry, as a way of asserting wider political influence over an increased footprint and targeting younger generations. The regulations themselves…

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