An important FCC source said that the government would not be bailing out the big media companies. This is great news. If there's an industry in this country that doesn't deserve a bailout, it's the media.
They totally created their own mess. (Read $everance to find how how)
Here's what you can do instead of getting a bailout, media companies. SELL! Sell it all. Sell it to local businessmen and broadcasters. Sell it for a loss, because it deserves to sold at a loss--it was never worth as much as you said it was.
Prepare yourself. You're going to have to take a bath. It's OK. You need it. I can smell you from here.
