We can thank Bill Clinton for this. The Telecommunications act of 1996 ended the protections for independent media. Consolidation started immediately and has continued for nearly 25 years. The result is that most any media outlet bigger than the local Gazette is owned by one of 6 giant conglomerates. These media conglomerates work closely and/or own the MIC supplier firms that would be financially disadvantaged by ending the numerous US foreign wars.

This huge conflict of interest and obvious antitrust issue has been ignored by every president since at least Reagan. No new laws are necessary to stop this, "just" uncorrupted politicians to enforce our current laws.