The media does not need to be regulated, but, there has to be some reform in the economical system to end corporate influence. Instead of getting real news, we get what sells, what'll keep the viewer around through the commercial so they can get a million images of stuff they don't need drilled into their heads.
Corporate influence is a threat to democracy. The big names with the big money have total control and an unfair advantage. Their power is great enough to manipulate the majority of a society.
Market competition doesn't ensure a wide range of views, if does the opposite. First of all, a few big coroprations are in control of the market. Those on a smaller scale don't stand a chance. Second, for the big corporations to maintain their profit, they all end up finding one element that works are running with it. There is no variation at all. The news on CNN is exactly the same as the news on MSNBC and Fox. The discussion around the issues may vary slightly (but nothing out of the obvious and generally accepted) but the issues and the stories are always the same.
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