Friday , June 15 2018
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Ted Says “It isn’t over”

Turner opposes FCC media ownership deregulation:

    On Monday the Federal Communications Commission (FCC) is expected to adopt dramatic rule changes that will extend the market dominance of the five media corporations that control most of what Americans read, see and hear. I am a major shareholder in the largest of those five corporations, yet — speaking only for myself, and not for AOL Time Warner — I oppose these rules. They will stifle debate, inhibit new ideas and shut out smaller businesses trying to compete. If these rules had been in place in 1970, it would have been virtually impossible for me to start Turner Broadcasting or, 10 years later, to launch CNN.

    ….If a young media entrepreneur were trying to get started today under these proposed rules, he or she wouldn’t be able to buy a UHF station, as I did. They’re all bought up. But even if someone did manage to buy a TV station, that wouldn’t be enough. To compete, you have to have good programming and good distribution. Today both are owned by conglomerates that keep the best for themselves and leave the worst for you — if they sell anything to you at all. It’s hard to compete when your suppliers are owned by your competitors. We bought MGM, and we later sold Turner Broadcasting to Time Warner, because we had little choice. The big were getting bigger. The small were disappearing. We had to gain access to programming to survive.

    ….Large media corporations are far more profit-focused and risk-averse. They sometimes confuse short-term profits and long-term value. They kill local programming because it’s expensive, and they push national programming because it’s cheap — even if it runs counter to local interests and community values. For a corporation to launch a new idea, you have to get the backing of executives who are obsessed with quarterly earnings and afraid of being fired for an idea that fails. They often prefer to sit on the sidelines waiting to buy the businesses or imitate the models of the risk-takers who succeed. (Two large media corporations turned down my invitation to invest in the launch of CNN.)

    That’s an understandable approach for a corporation — but for a society, it’s like overfishing the oceans.

    ….If, on Monday, the FCC decides to go the other way, that should not be the end of it. Powerful public groups across the political spectrum oppose these new rules and are angry about their lack of input in the process. People who can’t make their voices heard in one arena often find ways to make them heard in others. Congress has the power to amend the rule changes. Members from both parties oppose the new rules. This isn’t over. [Washington Post]

Sometimes Ted makes sense – so does Phillip Winn.

About Eric Olsen

Career media professional and serial entrepreneur Eric Olsen flung himself into the paranormal world in 2012, creating the America's Most Haunted brand and co-authoring the award-winning America's Most Haunted book, published by Berkley/Penguin in Sept, 2014. Olsen is co-host of the nationally syndicated broadcast and Internet radio talk show After Hours AM; his entertaining and informative America's Most Haunted website and social media outlets are must-reads: [email protected], Facebook.com/amhaunted, Pinterest America's Most Haunted. Olsen is also guitarist/singer for popular and wildly eclectic Cleveland cover band The Props.

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