Media conglomerates

Because of the importance of mediaTV, radio, newspapers, and Internetin providing information and influencing public opinion, economists pay careful attention to the market structure of these producers. In recent years, some firms have gained control over multiple forms of media and gained increased market share within some media markets. At the same time, new media grew, including cable TV and Internet. Thus there are two trends, one possibly decreasing competition, the other possibly increasing it.

What do you think the FCC should do about media mergers?