Mergers are the way of the business world. America Online bought Netscape. Philip Morris… Mergers are the way of the business world. America Online bought Netscape. Philip Morris swallowed Nabisco. University of Pittsburgh Medical Center has, in recent years, gobbled up many smaller hospitals. Hewlett Packard wants to merge with Compaq.

Mergers in the media world just got easier. Tuesday, a federal appeals court ruled that the federal government must reconsider its limitations on the number of stations a network can own, and struck regulations that prevented cable operators from owning television stations.

If you thought media giants AOL and Time Warner joining forces was bad, hold onto your seat. It