The Federal Trade Commission (FTC) is seeking ways to "reinvent" journalism, and that's a cause for concern. According to a May 28 draft proposal, the agency thinks government should be at the center of a media overhaul. The bureaucracy sees it as a problem that the Internet has introduced a wealth of information options to consumers, forcing media companies to adapt and experiment to meet changing market needs. FTC's policy staff fears this new reality.
Yas. What they really fear is their media echo chamber is busted. What they would like is a return to the 1970's, when the Big Three networks followed along with the DemocRat bouncing ball, everybody singing in harmony. They'd like to tax Drudge Report out of existence, shut Rush Limbaugh the hell up, and quietly close all these random bloggers down.
We should arrange for them to be disappointed.