I have seen a variety of information related to the FCC ceding more control to the large corporate media companys:

• Why the FCC is wrong on media ownership at AnchorDesk.com.
• Molly Ivins on the FCC vote.
• Ted Turner on the FCC vote. 
• Sign a petition at : Free Press Media Reform Network
• Contact your Representative about H.R. 2052 at the Consumer's Union website.
  Contact your Senator about S. 1046 at the Consumer's Union website.
• FCC cozy with industry (The Center for Public Integrity and the Well Connected Report at the same website).

"...WHY DOES this matter? Because, in a democracy, the media isn't just another business. Instead, it's what we turn to for the ideas and information that make it possible for us to perform our duties as citizens, such as voting and being involved in community issues. Furthermore, I don't think media control should be concentrated geographically--which is what happens when local owners are bought (or forced) out by media monoliths that aren't part of the communities their properties serve. " [Source: AnchorDesk at ZDnet.com]