Some quick research tells me that there are about 1,800 broadcast channels in the USA. Of those, two companies own close to 500, or 28%. The weird thing is, they’re not even the two companies you’d expect. You probably wouldn’t be surprised if I told you that ABC/Disney, NBC/Comcast, CBS/Paramount, or Fox owned that many stations. But they don’t and they never have.
A little history
Broadcasting of one form or another has been with us for about 100 years. For most of that time, the FCC had strict rules as to how many TV stations can be owned and operated by one company. Until the very end of the century, a media company could not own more than five stations, period. Specifc rules enacted in 1975 stopped those companies from also...