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Now, the typical complaint about variety is not about a single market, but across markets: For instance, ntire genres where there's very little difference, it radio terms, between Seattle, Chicago and New York stations. In essence, radio stations becoming the equivalent of chain restaurants.
So while variety should increase at first, shouldn't this lead to less innovation within each genre, as there are less competitive pressures? When every station is a monopolist, they will probably behave like monopolists. Given that it's a market where you can't charge your consumers more, we'd see every more expensive costs in advertisement and payola, or just very little effort in keeping quality up.