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The new Viacom would be one of only nine massive, diversified corporations-all of which took their present shape in the last fifteen years. These media giants include Time Warner, Disney, Rupert Murdoch’s News Corp., Viacom, Sony, Seagram, AT&T/Liberty Media, Bertelsmann, and GE. This oligopoly would never have passed legal convention if the regulators at the Federal Communications Commission and in the antitrust division of the Justice Department were doing their jobs, or if the Telecommunications Act of 1996 were not railroaded through Congress...
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This oligopoly would never have passed legal convention if the regulators at the Federal Communications Commission and in the antitrust division of the Justice Department were doing their jobs, or if the Telecommunications Act of 1996 were not railroaded through Congress. These regulators have let these mergers slide, under intense pressure from the telecommunications and entertainment industry...
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