This may well be Americas last chance!
The only effective threat the Republicans can make to the media is to restore the FCC’s Broadcast Ownership Rules (1975).
“FCC rules banned cross-ownership by a single entity of a daily newspaper and television or radio broadcast station operating in the same local market.”
However, congress could update and expand on this to include the Internet, book and magazine publishing, movies and theaters, etc. Importantly, they could do so only if the entity owned a broadcast system, so was under the jurisdiction of the FCC. They should especially include network providers.
In effect, this would bust up the “big six” media companies in the US: NBCUniversal (Comcast /GE), The Walt Disney Company, News Corporation, Time Warner, Viacom, and CBS Corporation.