Read this: Media plurality: The law and its loopholes - Editorial - Comment is free - The Guardian
Summary: If there is a less surprising sentence in the English language it would be good to know of it. As a result of Jeremy Hunt's announcement yesterday the American media tycoon is virtually certain to end up owning a monster British media company spanning broadcasting, newspapers and film and sports rights together with the distribution channels through which the content is piped. If the government doesn't understand why this makes a great many people nervous it is either being disingenuous or dishonest. - guardian.co.uk
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