I don't mean to be an alarmist, but this is bad. I know we have near monopolies, now, in the media; this has the potential to make it much, much worse. The emphasis is mine (oops, there goes Pacifica?):

"FCC Chairman MICHAEL POWELL issued a statement supporting President Bush's spectrum policy reform and modernization initiative, saying "the radio spectrum is a key driver of economic growth, and supports an array of devices, applications and services Americans have come to depend upon -- from radars used in our national defense to tele-medicine, from mobile phones to the public safety radios used by our first responders.

"President Bush's Executive Memorandum recognizes the importance of spectrum as an economic engine and underscores his commitment to putting spectrum to its highest and best use for the American people." POWELL called the plan a "groundbreaking initiative to reassess the federal government's spectrum policy approach."

"BUSH told the Commerce Department on THURSDAY (6/5) to head up a year-long initiative to recommend laws and methods to promote more efficient use of airwaves, calling the radio spectrum a "valuable and limited national resource, which must be controlled before special and radical interests regain a stronghold on our public airwave spectrum."   We must unlock the economic value and entrepreneurial potential of U.S. spectrum assets while ensuring that sufficient spectrum is available to support critical government functions." A series of public meetings will be used to develop recommendations."

His paranoia knows no bounds.