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

Deregulation was "a trend in the 1980s" that "later reduced government regulation of business." In 1996, Reagan's "proclaimed deregulation dream had come true." (134) In '96, a Telecommunications Act allowed radio stations to own more than one single company. Deregulation reduced the government's control over businesses such as the radio industry. It has changed the radio and recording industry because it has caused many radio stations to decline and fall out. Since one company is capable of owning more than one radio station, it becomes impossible for new radio companies to sprout and form a business. When the FM stations began to come about, more listeners were struck by the talk-less music stations rather than AM talk-radio stations. Thus, AM stations began going down the drain. Now, people have the luxury of changing the station to anything they want to listen to because they aren't limited to just one radio station. Since this deregulation is still present today, this causes more competition between radio companies. Also, think about satellite radio now, commercial and talk free music stations is just what people want.