This isn't that much different from the current industry. 90% of modern news media networks are controlled/owned by six or seven people in the world. Basically CNN and the BBC already have a model like this only they still engage in the paper industry as well. So here you would go to a single owner but the extensive network of managers and supervisors would be home based.
Bigger is usually better but not in this case. Centralized control of the media with a private owner would invoke a similar concept to government owned media. It would be a specialized government with one interest. I believe that can be called a Monarchy if it has any power.
However it is hard as a individual to want to stand up and fight for an industry that has the integrity of warm spit these days. The journalism industry has cut its own throat on this one. Shoddy half-baked reporters covering things out of their field and depth have depleted the credibility of the media. Low pay, low respect, and the cycle gets worse.
Re: “Top 10 Stories of 2008”
In my opinion it is sad that the NCJ did not cover the Reggae story with any credible reporting. One reporter attended for the opening statements of the production company and then left the last two weeks of trial uncovered when the reporting that resulted from the first few days was proven to be botched and grossly misleading. Subsequent coverage has been less distorted but stills reflected a highly biased and compromised viewpoint from the entertainment reporter. But other coverage in the year has shown that some other reporting has been better and less biased. I hope in the future NCJ can continue to improve and maybe I will consider picking up the paper on a regular basis again.