In what way has deregulation changed the radio and recording industry?

Deregulation has changed the radio and recording industry a lot. Deregulation has allowed a few large companies take over all the small ones. Currently there are ten parent companies which control two thirds of the nations listeners and revenue. Clear Channel and Viacom, control 42 percent of listeners and 45 percent of industry revenues. Deregulation is defined as the removal or simplification of government rules and regulations that constrain the operation of market forces. This basically means reducing government control of how business is done. The radio industry and recording industry are suffering because of deregulation. Programs like napster allow people to download music for free instead of buying cds. You can now even hook up your ipod into your car, leaving the radio worthless. Programs like napster have seriously hurt the recording industry and also its musicians. Millions of dollars have been taken from todays musicians because everybody is getting their music for free. Deregulation has hit the radio industry hard and it may not recover.