Tuesday, September 28, 2010

In what way has deregulation changed the radio and recording industry?

In 1996 when Reagan left office the deregulation process started to take place. This meant that how many radio stations a single company could own had no limit. After the deregulation started to take place radio companies started to take over other radio companies causing many mergers. Today deregulation is still in action within the industry however, there is a limit of eight stations in a single market. This then led to a change in the radio and recording industry in increasing competition. People could now switch to a different station if they didn't like a certain station. The deregulation trend led to a reduction of government regulation of business (134).

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