In 2003 the Federal Communication Commission (FCC) proposed modest relaxation of its media ownership concentration rules; the proposal aroused heated political opposition and has been partially overturned by Congress and stayed pending appellate review. The purpose of this paper is quite narrow:...

Media of communication present challenges to regulators and antitrust analysts. While it has become traditional to view media as "platforms" that support "multi-sided markets," it is far from clear that media markets for inputs and outputs are usefully treated as belonging to a new and unique...