I think one of the biggest problems confronting us today is media consolidation.  The implications of having only six or seven corporations who rule the airwaves and media outlets does not bode well for anyone beyond those who own those corporations.  Dissenting voices don't get heard and big business just gets to further its case.  As with most important issues, it's complicated. Here are some links to understand more.

Now with Bill Moyers (always a common sense voice of reason).

Media Channel (they watch the media) and this link takes you to Michael Copps dissenting statement on today's ruling.

 Seattle Times Editorial