Over at the Columbia Journalism Review, Steven Waldman laments that the media ownership debate is “stuck in a bit of a 1980s time warp.”

Well, gag me with a spoon.

Waldman, a respected former Federal Communications Commission official who authored the agency’s exhaustive “future of media” report, dismisses the latest moves by the FCC to eliminate longstanding limits on how much media one company can own in a single market as “hardly radical.”

What else would you call eliminating the only rules that would prevent Rupert Murdoch from adding the Los Angles Times and Chicago Tribune to his media empire?

Terrible? Apocalyptic? Insane? How about just plain wrong?