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That's my first suggestion - requiring the big media outlets to allow all sides to have a voice. Maybe not so hard-core as the original Fairness Doctrine, but do require that all sides of an issue have at least some opportunity to get on the air.
Second: Regulate what can and can't be called "news". For FOX News to be allowed to call what they broadcast news, as opposed to entertainment or commentary, they'll have to adhere to enforced journalistic standards - too much flagrant bias, and you'll have to call FOX News something else, like FOX Commentary. Make it so that anyone who tunes into a program that declares its contents to be "News" will get actual news, not political spin.
Third: Break up the media oligopoly. Tighten up the FCC's media ownership rules, and require the big media companies to sell off some of their properties, so instead of a half-dozen big corporations controlling all we see, we go back to having dozens of media companies, some of them small businesses - that will introduce new blood to the media industry and make it so a few corporate thugs can't have a monopoly on the media message.
Fourth: Enforce libel/slander and other defamation laws, maybe even create a new crime - criminal defamation - you can not only be sued in civil court by saying untruths about people and ruining their reputation, but you can go to JAIL. In the interests of the First Amendment, the truth will still be an absolute defense against a charge of criminal defamation, but if you utter provable lies on the air, and those lies cause harm, you could be in big trouble.
Fifth: Net Neutrality. WE NEED THIS. NOW. The net still is the best and most free source of information out there, but don't think the corporations aren't trying to figure out how to bowdlerize it. And the way to bowdlerize the net is to make a tiered internet. This cannot be allowed to happen. Net Neutrality must be a priority for the Obama administration and the new Congress.
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