Between the time I first began working for a daily newspaper and today, we’ve seen media ownership become much more concentrated.

Back then when 50 or 60 mostly family corporations owned most of the media outlets in the country, most journalists who worked for them were troubled even by that concentration for the families generated so much cash but shared so little of it in salaries with we scribes.

With names like Scripps, Ridder, Newhouse, Cox and Cowles, it was not unusual for these media companies to report quarterly returns on investment of more than 20 percent. The oil companies
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