What describes the term "duopoly" in the context of TV station ownership?

The term "duopoly" specifically refers to the ownership of two stations in the same market. This concept highlights the scenario where two entities control a significant portion of the media in a particular area, impacting competition, diversity of viewpoints, and local programming. The regulation of duopolies in broadcasting often addresses concerns about monopolistic behavior and the influences these owners can exert on local audiences. Understanding this term is crucial in media economics and policy discussions, as it reflects the balance between ownership concentration and the dissemination of varied content.