Who owns the media goes way beyond the questian of who's dad owned the newspaper. As the Media can now be owned by foreign owners unlike the past where forein entities owning Newspapers and TV stations was illegal.

Now who bundles the news is as important as who owns the station. Bundling is why you get 300 channels that you if normal watch 17 or less but yes you pay for all three hundred.

http://en.wikipedia.org/wiki/List_of_assets_owned_by_News_Corporation#Cable_assets

Enjoy its quite lengthy.