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One suggestion: reverse the trend toward consolidation by employing anti-trust laws more aggressivley. I believe that news outlets function best when news is their only business.
These two goals -- (a) blocking consolidation and (b) maximizing the number of news outlets owned by companies exclusively in the news business -- are completely distinct, even in conflict.
Using anti-trust laws would only prevent consolidation -- meaning preventing companies from owning too many media outlets.
But that has nothing to do with whether news is their only business. In fact, it's almost certainly the case that there aren't anywhere near enough corporations who could or would fund major media outlets as their only business. Thus, preventing consolidation -- as you suggest -- could likely increase the number of companies which own media outlets but which also own all sorts of other non-news businesses.