British courts reject media consolidation

What a novel idea that keeps popping up in Europe. The courts across Europe are promoting competition instead of consolidation. In this particular case, the Murdoch media empire had bought a significant minority position in a competing television broadcaster despite cries of outrage by competitors who believed this was unhealthy and uncompetitive. Not so surprisingly, this deal occurred during the Blair years, who remains cozy with Murdoch.

Ah yes, I can almost remember the days when competition existed in the US instead of the sorry system that currently exists. The two continents are moving in opposite directions at the moment with regards to business and that does not bode well for US business nor consumers in the long run. Is the US really served by just a handful of media outlets? Is it really in the best interest of American consumers to have a few telecom operators? Are bigger banks even interested in the average customer? When did competition in the US become such an outdated and old fashioned idea?