"unless you take the position that the government's current licensing policy stifles free speech, and I'm not sure that it does."
Co-incidentally I'm reading both the decision of the FCC (Monday) to allow further consolidation of media ownership in the US, and Ithiel de Sola Pool's "Technologies Of Freedom," a remarkably prescient work from 1983, "on free speech in an electronic age."
It is Sola Pool's contention that the First Amendment has never been applied with the same vigor to the electronic media as it has to the press and public address.
The reasons vary (telegraphy originally seen as a "business machine" rather than a medium of public discourse and it's association with railways giving it a "common carrier" flavor), in the case of broadcast frequencies, it was the limitations of recievers in that era that led to the belief the 89 broadcast channels were a physical limit.
They were at the time, but progress was inhibited by enshrining this "soft limit" in regulation.
Regulation is much less amenable to innovation than technology, and the decision to regulate was made despite clear indications that the spectrum would grow to support many more "speakers."
Perhaps such regulation would have happened to the press had an argument been possible that paper was limited. It isn't and more and more we are discovering that spectrum isn't either. You have no doubt read David Reed's opinion on the matter (http://reed.com)
If there is no "scarcity" then there is no justification for "the public good" of having the Government select operators for broadcast "speech."
It has always seemed ironic that in the home of the brave and the land of the free, with a First Amendment that prohibits Congress from making any law "abridging the freedom of speech," possesses an "independent" commission to control "communication."
It would have been good to see a quid pro quo on the consolidation decision, to whit, the FCC permitting "micro-broadcasters" to ensure "local coverage."
Perhaps your best bet for continuing diversity of views is the Internet and wireless connection, hopefully meshing around the control of companies that supply both carriage and content (eg. Cable).
Hopefully the arguments from Bob Frankston (http://www.satn.org/about/separateconnectivity.htm) & Lawrence Lessig (http://www.businessweek.com/magazine/content/02_19/b3782610.htm), on separating carriage from content (as we do on the roads and highways) will lead to a new regulatory regime.
Supporting the call for more "spectrum commons" is not a bad first step though.
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