Wednesday, February 23, 2011

Deregulation? Yes Please

Deregulation has allowed the radio and recording industry to expand like never before. The government had a pretty tight leash on the business' around the 1980s and seemed to really effect the radio and recording industry. However Ronald Reagan implemented a deregulation for these business' and in turn allowed the radio industry to thrive.
Deregulating this industry allowed for companies to buy each other and grow, but with a limit of 8 stations to a single market. With companies buying more radio stations more radio stations kept popping up. This created a large base for people all around the country to listen to many many different types of radio.
This also lead to a few other things such as more advertising, public service announcements, and airing different opinions about controversial issues which is part of the Trusteeship concept (John Vivian).

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