On the recordJune 2, 2003
I would point out, my friend mentioned Clear Channel, which was the company that really sprouted after radio deregulation in 1996 and now owns some 1,200 radio stations. It is important to recognize that Clear Channel not only owns radio stations; they own a lot more. Clear Channel is the largest concert promoter in the country, selling 66 million tickets in 26,000 events in 2001. Why is that significant? It is significant because if you are an entertainer promoted by Clear Channel, obviously you are going to get a lot more air time on their radio stations than somebody who is not. You could be the greatest singer in the world; but maybe if you are not promoted by Clear Channel, you might not get the opportunity to appear on those radio stations. So I think the issue here is like anything else. We are living in a country where fewer and fewer large corporations own more and more of our Nation. That is a bad situation in general; but I think what we recognize when it comes to the media, it is not just bad from an economic sense in terms of stifling competition; it is bad in what it does to the clash of ideas and diversity of opinions. We have heard from people, for example, who are involved in African American broadcasting, and what they are saying is they are losing their stations being bought out by the large conglomerates. The same is true with Latino stations.
Source
govinfo.gov




