Recent federal appeals court decision shaking FCC TV ownership li...
Recent federal appeals court decision shaking FCC TV ownership limits will usher in media consolidation wave, including NBC sale, Yahoo Music Vp David Goldberg said. Also on megamergers panel Sat. at Stanford Business School Future of Content conference, former…
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FCC cable merger analyst, Sunil Dulavoy of Analysys consulting, said last month’s U.S. Appeals Court, D.C., ruling presaged increasing integration of cable and broadcast and sharper questioning of Commission’s premise that network ownership of programmers diminished diversity by freezing out competing programmers. Where Washington has promoted business over consumer interests in allowing media mergers, Goldberg said, European Commission has stepped in to preserve 5 major labels for competition. But “you're going to see the Justice Department take a very active role in the online music business,” he said. Goldberg, contending economics militate against media conglomerate ownership of labels, predicted AOL Time Warner would divest Warner Music within 3 years. Radio has conditioned music consumers to expect all labels’ performers on outlets, and media-content ownership tie-ins clash with that demand, as seen in Disney’s experience with Hollywood Records, he said.