There are many reasons why it is important to have diverse ownership of local media, but consider just a few examples. Assume that one company is allowed to own the dominant newspaper and one or two of the main television stations in your town. What if the company decides it wants to save money and combine newsrooms? Maybe the owner is friends with the mayor. What if there is corruption at city hall? Who would be left to investigate it? If you do not care much for politics, then imagine the same example with weather coverage. Suppose a local area experiences several tornadoes in a short period, but there's only one or two weather crews covering all the storms in the area. How would that affect the coverage of the storms?
