The document discusses the consolidation of media ownership over the past 25 years, highlighting that a small number of companies dominate significant portions of television and radio in the U.S., with a stark disparity in ownership among racial and gender demographics. It also examines media bias in story selection based on ownership interests and audience preferences and the implications of the internet on minority representation in media. The internet has reduced the dominance of big media, allowing greater visibility for minority voices in the long tail of media offerings.