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Media Ownership The past two decades of a deregulated media resulted in a concentration of media ownership. Large media conglomerates bypass anti-trust laws by owning many forms of media and not dominating one specific medium. For example, AOL Time Warner owns television stations, music production companies, cable companies, internet services, newspapers, publishing companies, and magazines. Deregulation has continued with the FCC allowing corporations to own enough television stations to reach forty five percent of the national audience. This deregulation of the media ownership made it easier for companies to merge and increased the chances for oligopolies to form (Campbell, page 450). Disney acquired ABC, AOL Time Warner merged with Turner Broadcasting, and most recently NBC bought over Universal. Large media conglomerates continue to grow in size as well as power. The anti-trust laws that exist in the Unites States aim to prevent national monopolies, however most media monopolies are localized....

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