In the age of the internet, what's the difference between local media and foreign media?

If I live in Boise, Idaho, and there is a Japanese media company reporting on Boise, Idaho new under boise-idaho-news.com, for anyone interested in Boise, Idaho... you catch my drift.

Broadcast TV is going the way of the dinosaur.

Something like an effective TikTok ban would presume a centralized firewall or ISP filtering or similar.

As a footnote: A lot of my ideas here center on cash. I personally think of free speech as an individual right and not a corporate (or governmental / organizational) one. But I don't want to bias the discussion with my own ideas here.

"X media controlled by [private companies based in] X" has obvious antipatterns too, it creates oligarchs and tests how pure govts are abut enforcing competition legislation viz. takeovers and monopolies, also some markets have less $ than others. Consider Rupert Murdoch of Fox/Sky started out as a newspaper baron in Australia in the 1960s, bought US and UK titles, took over the UK tabloid industry in the 1980s (without becoming a UK citizen) and in return sold media favors to govts from Margaret Thatcher to Tony Blair, then became a US citizen in 1985 and expanded his empire to Fox/StarTV. Murdoch has been kingmaker for deciding who gets elected leader in multiple continents for 4+ decades now, also for selling the Iraq invasion to the US/UK/Australian publics.

This is why media ownership legislation has to put limits on both foreign ownership and monopolies. It's interesting to watch FB deny the blatant reality that it's a media company not just a technology company [0], since to admit the obvious would trigger oversight. US Congress is dancing around eventually having to legislate for that, on FB, YT, TikTok, Twitter/X et al.

[0]: "Is Facebook a Media Company? That's Not Up to Mark Zuckerberg" https://www.fromdayone.co/stories/2020/6/26/is-facebook-a-me...