Concentration of News Ownership
Recent Newspaper Mergers and Acquistions
Freedom of the press is a principle considered essential to the basic framework of American society. Concomitant with this ideal is the belief that a free press is fostered best by diversity of news ownership. E. B. White, the writer, expressed this belief most eloquently last year in a letter to the Xerox Corp., protesting the company's sponsorship of an article in Esquire magazine. “As long as there are many owners, each pursuing his own brand of truth, we the people have the opportunity to arrive at the truth and to dwell in its light,” White wrote. “…It's only when there are few owners…that the truth becomes elusive and the light fails.”1
White's words carry a great deal ...