[Angelino97]

Back in the 1970s, the FCC had the 7-7-7 Rule. This meant that no one person or company could own more than 7 AM stations, 7 FM stations, and 7 TV stations. This was to ensure that many voices and opinions had access to media.

Reagan's deregulatory efforts changed it to 12-12-12. And then later abolished it entirely.

The Left supported 7-7-7. I once read an interview with an avowed socialist who believed it should be changed to 1. But Reagan prevailed.

I think Reagan was wrong on this. Deregulation of this (and other rules) led to the creation of ever bigger, and fewer, greater media owners.

Another example. Back in the 1970s, TV networks were forbidden from owning the shows they produced (news shows excepted). Thus, film studios and TV networks remained separate companies.

Reagan abolished that rule. After which Viacom bought CBS and Paramount, Disney bought ABC, etc.

[dfwgator]

As much as I liked Reagan, I agree with you on this, it’s been a disaster.