The New Media Monopoly

The New Media Monopoly
By Timothy Karr, AlterNet. Posted March 9, 2006.

"The race is on to control the future of American media. Unfortunately, those vying for the prize are a limited cadre of corporations hostile to the public interest.

On one hand, there are the remnants of the 1984 breakup of Ma Bell — four formerly Baby Bells that now dominate the multibillion-dollar marketplace for telecommunications. Over the past 10 years, these have rapidly morphed into massive corporations by swallowing up smaller competitors and positioning themselves atop the heap.

AT&T's announcement earlier this week that it plans to acquire BellSouth is a stunning development in the unrelenting shift toward fewer choices and bigger companies — essentially stitching back together the monopoly that ruled telecommunications three decades ago."

Read the rest of the article here.

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