Merger Palooza

The FCC is expected to officlaly relax media ownership rules today, which is so sure to unleash another round of consolidation that the headline in Variety today says: FCC's Move to Relax Ownership Rules Could Lead to Wave of Mergers.

Last time it happened, it destroyed the industry.

This time, it could put the final nail in local media's coffin, and allow an unscrupulous billionaire to control the flow of information to the nation.

But about eight people will get really rich in the process, so don't forget the good side.