Corporate consolidation in the media industry threatens diversity of viewpoints and local journalism, leading to fewer independent news sources and diminished community accountability. This trend can result in a significant loss of local voices and critical reporting essential for democracy.
The media giant Ted Turner warned us about the dangers of consolidation in this educational piece from Washington Monthly (My Beef With Big Media):
“The media giants now own not only broadcast networks and local stations; they also own the cable companies that pipe in the signals of their competitors and the studios that produce most of the programming.”
And this was published in July 30, 2004. As Turner recognized this many years ago, the consolidation has only increased, and is far greater than ever before. This is dangerous.
More recently, the deals have gone off the chart. News staffers say a certain new owner ‘just can’t be trusted’, as a promise not to “politicize” the network was looked upon with a great deal of skepticism. CBS is undergoing significant changes under Bari Weiss, which some speculate may align its programming more closely with conservative viewpoints, similar to Fox. However, whether it will fully become “the new Fox” remains uncertain as it continues.
The chairman and CEO of Paramount Skydance is David Ellison, son of Larry Ellison, which oversees CBS News following its merger with Paramount Global in 2025. He has made significant changes to the network, including hiring Bari Weiss as editor-in-chief.
Nexstar has already completed its acquisition of Tegna for $6.2 billion on March 19, 2026. However, integration activities have been halted due to a preliminary injunction.
The acquisition of Tegna by Nexstar is expected to create a media giant that would control over 80% of U.S. television households, significantly exceeding the FCC’s previous ownership cap of 39%. This consolidation raises concerns about reduced competition, potential job losses in newsrooms, and a negative impact on local news diversity and quality.
On July 15, 2025, Stephen Colbert made a “big fat bribe” joke. Then on July 17th, only a couple days later, he made this announcement: “Next year will be our last season.” Then on Thursday, May 21, 2026, Stephen Colbert Signs Off The Late Show’s Final Episode.
Joe Rogan to 60 Minutes? Please take notice of the mergers…



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