The FCC needs medication for bipolar disorder

Opening up the cable TV industry was a great move, but media consolidation? Look at how well consolidation in the banking and telecom industry has worked. If you want to see how well media consolidation works, look at the path the US media is already on or check out Australia, where Rupert Murdoch dominates the media with very few exceptions. Is that what we want to see in the US? Wasn't the Cold War supposed to be about issues like this? Looks like the Soviet Union won.

What ever happened to the spirit of competition that used to be important in America?