Word: ownerships
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Dates: during 2000-2009
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...Indeed, we are today facing an ownership crisis in broadcast television. People of color make up 33 percent of our population but own just three percent of all broadcast TV stations—and research shows that the number of owners is plummeting at alarming levels. Despite repeated requests from more than 20 civil rights organizations, FCC Chairman Kevin Martin has placed the future of media diversity in greater jeopardy by asking programmers of color to take a back seat to his favored special interests...
...waning days of 2007, as the Washington political set scurried to get out of town for holiday vacations, Martin bulldozed through a dramatic relaxation of the cross-ownership rules that ensure a diversity of voices in our local media markets. Now, local media moguls can buy both a television station and the major newspaper in the local market. And because people of color and women are more likely to be single-station owners, they are especially susceptible to local consolidation efforts...
...Martin and his ever-dwindling allies in Congress argue that this kind of government-encouraged media consolidation policy is needed to help newspapers ailing in the Internet revolution. However, instead of addressing these new challenges, the policy represents a continuation of media concentration that we have already seen in ownership in the large radio companies like Clear Channel...
...Among the franchisees is Reliance Industries chairman Mukesh Ambani, the world's 14th richest man, with an estimated net worth of $20.1 billion. Not quite as wealthy but rather more flamboyant is Vijay Mallya, known for throwing lavish parties in his home city of Bangalore and for his co-ownership of the Force India Formula One team. The enterprise's big guns aren't fooling: "We want the IPL to be one of the icon brands in the world," says IPL chairman Lalit Modi, "and we are going to push everything that is required to achieve that...
...it’s important we get out of Washington,” FCC Commissioner Jonathan S. Adelstein said.But not everyone welcomed the FCC. A number of people gathered outside of the hearing in protest, condemning what they felt was the FCC’s discrimination against minority media ownership. Members of the Harvard Black Law Students Association, the Boston branch of the NAACP, and the National Black Chamber of Commerce held a press conference outside the building, beneath a bright yellow banner reading “Stop the FCC’s War on Diversity...