Media Consolidation

the process by which Big Media are owned by a smaller and smaller number of corporations (via M-and-A). (media concentration)

accelerated by Jun'03 FCC ruling

as Clay Shirky says 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.