Charlotte Observer | White House Victories

Amongst other "victories" (pushing back food labeling to 2006, allowing companies to stop paying overtime to while collar workers, limiting record-keeping on gun purchasers) to put a chill up your spine:

"MEDIA OWNERSHIP

The bill permits media conglomerates to own local television stations that, combined, reach up to 39 percent of viewers in the nation. The Federal Communications Commission had voted to allow companies to reach 45 percent of viewers, but Congress then voted to keep the current 35 percent limit. Under a veto threat from President Bush, lawmakers agreed to the 39 percent cap. The bill also takes the power to change the cap away from the FCC."

The NY Times didn't cover this in their online edition and the WashPost put it in the Technology News section. Shouldn't most Americans be worried about this?