IMO, a better solution for the broadcast media part of this is to delegate content regulation to the states when the signal from a tv/radio station is entirely within one state (and some kind of join regulation when it spans >1).
Concentrating so much power in the federal government is problematic, and unnecessary.
I don't see it as a great idea to divide how content within a country is presented into 50 pieces based on whatever ideology that state's leadership has at that time.
Besides, that does nothing to address this mega-merger.
It’s lower risk than allowing one lunatic to do it.