A federal appeals court rejected the change in FCC regulation that would increase the percentage of a media market one company could own in any geographic region. Bitching about lack of diveristy in radio? Pissed off about Clear Channel? Think there’s a bias in the media (pick a side)? You need to be watching this. Don’t forget that the broadcasting spectrum is owned by the people and companies are under an obligation to reflect the diversity and needs of the markets they serve as a use of this public good.