Private Ownership An advantage to private ownership is that because the company is owned by you entirely, you receive all the money that is earned. // You have a better chance of reading news … This regulation, via law, rules or procedures, can have various goals, for example intervention to protect a stated "public interest", or encouraging competition and an effective media market, or establishing common technical standards. The global regulation of new media technologies is to ensure the cultural diversity in media content, and provide a free space of public access and various opinions and ideas without censorship. The Act was amended in 2005 and 2006 and revised in 2013. ]]>, , The service areas – known as the digital noise limited service contour – of the stations do not overlap; or. [14] Ofcom also oversees the use of social media and devices in the United Kingdom. However, there are certain exceptions to free speech. 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