By Bill Clinton
New York Daily News
"It's your money," says President Bush when he promotes tax cuts. I disagree with his tax policy but admire his spin. The same argument applies with greater force to whether big media conglomerates should be allowed to control more television and radio stations: "It's your airwaves."
The American people own the bandwidth that broadcast media companies use to deliver programs to our TVs and radios. Because the space on that bandwidth is limited, the Federal Communications Commission regulates who has access to our eyes and ears.
For more than 60 years, the FCC allowed companies to own a number of local TV stations, provided that no single company owned enough to reach more than 35 percent of the population of the United States.
But on June 2, by a 3-2 vote, the FCC raised the limit to 45 percent, giving big media firms the chance to gobble up many more local TV stations. In fact, a single giant corporation will be able to control up to three of the television stations in America's nine largest cities.
The FCC also opened the door to local TV-newspaper mergers in many places, so you'll be getting your news and information from the same company regardless of whether you're turning on the TV or opening the newspaper.
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