Justice’s Antitrust Confusion

The Wall Street Journal editorializes: "Google and Facebook are squeezing local news by gobbling up more and more advertising dollars. Yet the Justice Department is trying to stop local TV broadcasters from combining to become more competitive. Can the antitrust cops please stop protecting the Goliaths? Consolidation could help broadcast stations sustain local news coverage amid shrinking ad revenues, which would benefit consumers. The government’s job isn’t to prop up cable monopolies. By trying to micromanage media mergers, antitrust regulators are merely shielding dominant players from competition." Journal subscribers can read the full editorial here.