There was a very aggressive effort to make sure that the ownership limits were lifted on all radio stations in this country, which I think is a huge mistake, and a loosening of the limits on television station ownership. I don't know, but what has happened with radio concentration is outrageous, just outrageous. Now we have a merger application pending that will mean one company will own nearly 1,000 radio stations in this country. Just four years ago, when the Telecommunications Act passed, the largest owner of radio stations had something like 62 stations. And what has happened is we had this massive concentration in big markets and small markets, and a diminished amount of localism.
Local ownership is gone.
Localism in the way a radio station operates is gone. I think what's happened is awful, just awful. And, in fact, it's not stopping. There are some who argue that radio stations would have difficulty staying alive in the future, so it's better to have stations with a couple of big owners than no stations at all. Well, that's nonsense, and they know it.