Just because the landscape has changed does not mean that the rule is irrelevant today. This change is politically motivated, not one of "this rule is outdated".
There's a very low barrier to entry for new tech companies these days, but they all get bought out by Facebook, Google, Amazon. The end result, despite this low barrier to entry, is a conglomeration of power. If a single company buys up many small media companies and forces content, there is incredible power in that and frankly one of the most dangerous things that this administration has actually accomplished. Sinclair is just one example.
There's a very low barrier to entry for new tech companies these days, but they all get bought out by Facebook, Google, Amazon. The end result, despite this low barrier to entry, is a conglomeration of power. If a single company buys up many small media companies and forces content, there is incredible power in that and frankly one of the most dangerous things that this administration has actually accomplished. Sinclair is just one example.