A lot of this is the old problem of excessive corporate consolidation, which is affecting a whole slew of US industries. Recent decades have shown that oligopolies can be just as bad as monopolies in this regard.
One of the worst of these oligopolies is with “the media”, which is a good way to describe the small handful of companies that control TV, movies, radio, newspapers, magazines, book publishing, bookselling, and broad segments of the Internet.
And for all the breast beating about the breakup of AT&T years ago, everyone of us profited handsomely from the explosion of competition and technological innovation that happened because of it.
It probably needs to happen again.