Ben Compaine suffering from a massive overdose of sarcasm pens the following screed: The Critical Need for Restructuring the Media Industry Before It’s Too Late.

The media industry must be reformed. It needs the restructuring that only the federal government can undertake. Congress is certainly on the right track, having already handed out free digital spectrum to the incumbent broadcasters. Good thing they didn’t have it auctioned off to other players. The shrinking media companies must not be permitted to get any more fragmented. We must write to the FTC and Justice Department urging them not to permit further divestitures, such as the recently announced sale of big multinational Bertelsmann’s magazines to the much smaller publisher, Meredith. The FCC must be convinced to limit the bandwidth available for wireless services such as satellite radio, Wi-Max and the like so newer services cannot be initiated. And certainly we cannot allow any further news services to find room on the multichannel video providers. Even better would be to roll back to the conditions that existed before 1986, thus taking the Fox, WB and UPN networks off the air as well as removing Fox News and MSNBC from the cable line-up.