Assignment:
Scarcity theory
States that there are limited frequency allocations for radio and television stations on the electromagnetic spectrum. In the 1920s, when the radio industry requested the government to intervene and provide regulatory oversight to minimize the confusion of frequency crowding, it was indeed an unprecedented move by a market-driven, commercial industry. What started as an unbiased mediator for broadcasters in the 1920s has blossomed into a juggernaut with an established regulatory agency, known as the FCC, which wields an enormous amount of regulatory influence and oversight (Hendricks, J 2009).
Has the Government finally overstayed their welcome? Telecommunications Act of 1996 is the first major overhaul of telecommunications law in almost 62 years. The goal of this new law is to let anyone enter any communications business -- to let any communications business compete in any market against any other. The Telecommunications Act of 1996 has the potential to change the way we work, live and learn (FCC)
Hendricks, J. A. 2009. Media Policy and Regulation, Sage Reference Publications , 21st Century Communication: A Reference Handbook p11. DOI: https://dx.doi.org/10.4135/9781412964005.n95
https://www.fcc.gov/general/telecommunications-act-1996