The Telecommunications Reform Act handed over control of the radio airwaves to a chosen few. Will TV be next? (see story link for details)

Five years later nobody doubts that the law was indeed a landmark -- not only because congressional efforts to update the country's vast communications industries for the first time since the 1930s had themselves dragged on through the '80s and well into the '90s but also because the Telecom Act, as it became known, unleashed unprecedented deregulation and media consolidation, among the most pronounced in American history.