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And yet this country's experience with media ownership laws
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What media ownership laws? Real conversations? On LFG? Kos? If you like infantile partisan slanging matches when one of the 'opposition' intrudes and a circle jerk the rest of the time counts as conversation we're all in trouble.
I think good media either has far more subtle or a greater tendancy to report both sides of the story. Of course the US media is probably the worst in the free world (along with Italy) for this so YYMV. Here we have both ends of the spectrum from News of The World that usually leads with a celeb scandal to The Independant that I've seen accused of being both left and right wing, usually a good sign that the paper is doing a good job. I should clarify that while I think good media tries to be unbiased, I don't think The Guardian or CNN or Fox really are in this category but there are still papers that (gosh!) when a major issues comes up publish one editorial for each side.
Then there's traditional papers that have a public bias but a very high quality of reporting such as The Economist which covers a lot of issues that otherwise don't get airtime, they have a strong bent but it's clear and easy to read though.
Ever wonder why most journos were left leaning? Food for thought.