Well, its official, mass media economics is really confusing. And the only conclusion I can really give you is that I don't know whether its a good or a bad thing, but that business is going to expand and take over all mass media functions, even journalistic ones. My paper was based on the question of whether or not mass media should be guided by economic principles. This led me on a path where I got to talk about mass media gatekeepers, and how being guided by economic principles decreases their numbers.Now, some of you may be saying "isn't that a good thing? don't we want fewer barriers between us and the information we desire and need?". The answer is no, because the few gatekeepers that we have because have become incredibly powerful, far more influential, and have many more ways to imprint their values on us. We actually want more gatekeepers, because with more gatekeepers comes more diverse opinions and broadcasts that show a wider range of events and more importantly, interpretations of those events.

When a guy like Rupert Murdoch controls more newspapers and Television stations, we end up with fewer broadcasts. Why make four different broadcasts for the same purpose when you can make one that does the same thing? This is the reason that I've come to believe that mass media economics is an inherently bad thing, but that we can't avoid it, unless we put all of the power over the media into the government. Doing that however, reduces the number of gatekeepers to one, which is the worst possible situation, far worse than having 5 competing companies.
Having the mass media run like a business isn't all bad, because it means that when something goes wrong, or a false story comes up, or a scandal arises we know who we can count to give us the story. Their jobs depend on it, and their credibility and livelihood do as well.