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"[I]n the zesty progressivism of early New Deal days, the Federal Communications Act of 1934 was passed (more on this later.) The aim of that cornerstone of broadcast policy, mentioned over 100 times in its pages, was to promote the “public interest, convenience and necessity.” The clear intent was to prevent a monopoly of commercial values from overwhelming democratic values – to assure that the official view of reality – corporate or government – was not the only view of reality that reached the people. Regulators and regulated, media and government were to keep a wary eye on each other, preserving those checks and balances that is the bulwark of our Constitutional order.

What would happen, however, if the contending giants of big government and big publishing and broadcasting ever joined hands? Ever saw eye to eye in putting the public’s need for news second to free-market economics? That’s exactly what’s happening now under the ideological banner of “deregulation.” Giant megamedia conglomerates that our founders could not possibly have envisioned are finding common cause with an imperial state in a betrothal certain to produce not the sons and daughters of liberty ..." - Bill Moyers

Full text of Keynote Speech