From WSJopinion: By trying to micromanage media mergers, antitrust regulators are merely shielding dominant players from competition
Google and Facebook are squeezing local news by gobbling up more and more advertising dollars. Yet the Justice Department is trying to stop local TV broadcasters from combining to become more competitive. Can the antitrust cops please stop protecting the Goliaths?
Local TV news viewership has been declining as more people get news from cable and the internet. In the last two years the number of Americans tuning into evening news on an ABC, CBS, FOX or NBC affiliate has fallen 19%. At the same time ad revenues are shrinking...
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