The purpose of this study is to assess the influence of corporate media own
ers over news content. In particular, we address the claim that the financi
al interests of corporate owners lead America's news bureaus to downplay th
e significant issues surrounding the growing concentration of ownership of
the country's mass media. To do so we examine newspaper coverage of one asp
ect of the 1996 Telecommunications Act: the loosening of restrictions on te
levision ownership. We compare coverage of this aspect of the Telecommunica
tions Act in newspapers owned by companies that stood to gain From the loos
ening of these restrictions, with coverage in newspapers owned by companies
which did not stand to gain. We find substantial differences in how newspa
pers reported on these proposed regulatory changes depending on the financi
al interests of their corporate owners.