ok, what if ABC buys a 55% stake in Bounty and puts ads for them because they are the same owner now? What if it's 10% stake? Can they claim (truthfully) they want to increase the value of their stock?
You're trying to make this sound very complicated but it's not. In this world without paid advertising, ABC can advertise their own shows. They cannot advertise things for other companies, whether they own them or not.
A network of TV stations could cross-promote across all stations. Yes, that would be unfair, but no more unfair than the current situation where whoever has more money can have their ads seen everywhere. Fairness between companies isn't the goal, it's less manipulation and noise for the rest of us.
There's an example of a TV station that already has to follow these rules: the BBC.
> it's less manipulation and noise for the rest of us.
That's not what would happen.
You'd just end up with diverse companies consolidating into single companies and advertising just as much as before, but for their own products in their own media properties.
Coca-Cola will merge with a movie studio and a television network and a billboard company to put its product placement and ads everywhere in properties it just simply owns. Probably merging with Proctor-Gamble or Unilever while it's at it.
BetterHelp will merge with a bunch of supplements companies and purchase a bunch of top podcast studios, so top podcasts will continue to advertise the same exact things as before.
And so on.
It's wishful thinking to suppose that companies wouldn't find ways around this. Advertising is that powerful and important that it'll be worth it to them.
