Be Wary of the Regulatory Regime, Not Sinclair Broadcasting

The media carousel has taken another turn of self-examination. The latest round is the uproar over Sinclair Broadcast Group pushing a script on their many local news stations, a script which amusingly warns of fake news. As is the way with these things, the complaints quickly turned to Sinclair's perceived market power. One outlet headline complained of a "loophole that enables Sinclair to own too many TV stations." This panic has, of course, found its way into the Senate where some have called for a Federal Communications Commission (FCC) investigation into Sinclair Broadcasting.