Media Bullseye

If you think the media is slow to understand the dramatic changes taking place in their own industry, you may not be surprised to know that Congress is even more in the dark. Recent reports suggest that some politicians would seek to handcuff the American media at a crucial juncture in the industry's history.

Renowned journalist, pundit, and college professor Steve Roberts shares his views on the changing nature of journalism and new media. He offers thoughts on citizen journalists, the obliteration of the news cycle, the evolving business model of print media, and more.

Sam Zell took the reins of the Tribune Companies Thursday, and promised a wide-reaching overhaul of the business. Zell, a billionaire real estate mogul, promises to make sweeping changes. Some changes have already garnered significant attention.

In a close and controversial 3-2 decision, the Federal Communications Commission (FCC) has voted to relax media ownership rules, making it permissible for newspapers to own television or radio stations within the same media market.