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Daily Democracy
Ryan Blethen discusses the press, media and democracy. Daily Democracy is part of the Democracy Papers, a series of articles, essays and editorial opinion examining threats to our freedoms of speech and the press.
April 7, 2008 3:34 PM
Zell Watch/Media ownership limits
Posted by Ryan Blethen
The New York Times has a story looking at the financial situation of Tribune. The story, which can be found here, mentions that Sam Zell might put Newsday up for sale.
The likely buyers all hail from the New York area. Unfortunately one of the potential buyers is Rupert Murdoch's News Corporation. Murdoch already owns a considerable piece of the New York media market with the New York Post, two television stations, and the Wall Street Journal.
The Seattle Times editorialized in favor of a law that would prohibit a company from owning a national newspaper and national news channel, which became the case when News Corporation purchased the Wall Street Journal. Any law of the kind would have to happen at the Federal Communications Commission.
With the prospect of Murdoch buying yet another major piece of the New York market, it is time to start a discussion about media ownership. Should there be caps put on how many newspapers a company can own?
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