Remember how just 6 media corporations control 90% of the news media? Well it's about to be just 5 media corporations that control 90% of the media. Wednesday of last week, Disney announced a $73 billion merger, which more accurately resembles a buyout, of Fox. Way back in 1983 we had 50 media corporations that controlled 90% of the news that Americans consumed and even that was after quite a bit of consolidation. 50 media corporations divvying up 90% of the media market sounds downright inspiring to me, as someone who has grown up in an America where there have only ever between 6-8 media corporations that controlled 90% of the market. This problem of media consolidation really got kicked into hyperdrive after Democrat Bill Clinton and a Republican Congress, got together in 1996 to pass the Telecommunications Act of 1996, which paved the way for all of these mergers and buyouts. I saw this first on 8chan.