I heard a CEO of one of those media companies being interviewed under oath by an investigation body about how they had effectively captured their regulator, with people from their companies running the regulation body. I can’t say more than that without breaching an NDA, but I think what I’ve said is broad enough to not be identifiable.
They basically put it to him that his company and their competition had colluded to control their own regulation so they could get away with charging whatever they wanted, and that that practice was so entrenched that it was just how they did business at this point.
His answer, which stunned the lawyers present and which I cannot forget after all these years: “Isn’t that how everybody does business?”
So I don’t mind that I can’t name & shame because I don’t think it would matter.