Who Owns the Media?

After examining the article and the big owners of the media, the main issue seemed to be that major efforts are being made to stop big media and instead "support local ownership, diverse voices, and truly competitive media markets that serve the public interest,"as the article states.  The site shows that the media patterns of today's society limit the amount of competition, which be of major benefit to the economy, as well are not targeted to every individual, but to the masses.

One of the main statements on the site that caught my eye read, "Our vision is for every community to have access to in-depth investigative reporting, quality local news and critical watchdog journalism that empower citizens, hold our leaders accountable and represent the diversity of our nation."  To me, this suggests that the Big Media does not fulfill any of these aspects, which I agree with.  I think that if the Media consisted of smaller, local markets, not only would the people of the community be better informed on the topics that directly relate to them, but the economy would benefit from it as well. Money would circulate within communities rather than huge corporations, which would help to generate revenue.  

In regards to the GE tax issue, I think that the criticisms are extremely valid and I am shocked that more awareness has not be raised in the media about it.  As I'm sure any citizen knows, let alone huge corporate CEO's, this nation is in extreme economical distress and has had some of the hardest years these past years.  In my opinion, any person with good moral value would not cheat the system in this awful, greedy way.  What sickens me the most is that out of the $14 billion made by the company, not a single dime was given back to the country as if making that much money in revenue was not enough.  In reality, that is more than any human would know what to do with.  The millions of dollars that the corporation should have paid in taxes could have possibly made a huge difference in today's economy and helped in certain areas needed.

As for the CEO of GE becoming Obama's right hand man, I think that situations like this are the epitome of what cause the nation's people to have complete distrust in politics and the politicians that are supposed to represent them.  I find it extremely hypocritical and sad to be frank.  As I stated earlier, I am surprised that this issue has not raised more awareness and watching this clip just made me revert to my original thought that the political system is sleezy and extremely flawed.