Econimics in the Newsroom

A business exists to make a profit. This is a avowal that even a child understands. In order to preclude the doors open and to be successful a company mustiness find ways to keep costs down and receipts up. The business of media is no different. One way that the media corporations try to do this is by unify together with other media out allows and becoming much streamline. They ar able to combine their resources and in turn shape down prices for the consumer. In the piece by Michael K. Powell called, Yes, The FCC Should Relax Its self-control Rules, he makes a truly valid argument for the rest of ownership rules by the FCC. I think one of his scoop up points was identifying how many media outlets there are today, thus making it harder to monopolise what is reported on. If people dont like the information they are getting from the big corporations, they are able to go elsewhere such as other news shows or the internet. other benefit for the consumer of relaxing ownership rules is that it will promote localism. By allowing cross-ownership it will allow for companies to better serve their communities by spreading more local news.

The article also talked about the benefits of newspaper-broadcast telecasting combinations having produced much better news coverage. There is a very narrow line to toe when you talk about the merging of companies. We have learned from the past how damaging monopolies can be, not just for other business, but also for the consumer. Our government needfully to handle these types of issues very carefully and decided whats in the take up interest of all involved. I feel that in the case of media corporations it is alright to relax on ownership rules, but we cannot let them step over the line into all out monopolies. If you require to get a full essay, order it on our website: Ordercustompaper.com

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