The FCC’s diversity index plays the central role in ...

Even in the largest markets in the country, the FCC should not be pursuing a policy of blanket approval of mergers. For New York City, instead of an HHI of 373, a reasonable approach would produce an HHI of 1055 if the HHI is computed as it should be, taking market share into account. Figure 2 show this difference graphically. ................
................