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William's avatar

Good point. TV/Radio spectrum is one area where I do think some regulation is a good thing---to avoid the tragedy of the commons. On the other hand, I'm I firm believer that the general increase of regulations is one driver of consolation across a number of industries. e.g. It requires a lawyer (or team of lawyers) to navigate the regulatory landscape, and larger organizations are better able to bear those costs. The 1996 TCA was advertised as a way to increase competition, and it some ways it helped---internet and cellphone advances for example. But that expansion also led to less consumption of traditional media, which drove consolidation as some media companies became unprofitable---particularly in smaller markets.

As in so many areas of life, it's difficult at times to find the proper balance.

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