The recent announcement that the FCC is pushing up a vote on media ownership in local markets to mid-December has sent the media reform movement into overdrive.

A related piece from the Publish2 Blog, “The New Media Consolidation,” might explain some of the urgency of commercial media owners to grab up new outlets. It notes in part:

What Google discovered was that consolidating all of the search behavior on the web is actually a form a media consolidation. It used to be that the content and the distribution were one and the same — newspapers, magazines, TV networks, etc. — Google was the first media company to successfully arbitrage the separation of content from distribution.

But search is only half of the equation. Search has consolidated the allocation of attention for people who know, generally or specifically, what they are looking for. The other half of the attention allocation equation for media is people who don’t know what they are looking for — they just want to know what’s NEW. I may be interested in technology, or celebrity gossip, or foreign affairs, but I’m not looking for anything in particular. I just want the news.

This is why the online news market is heating up. This is why Google has started to develop the Google News product after letting it run on automatic pilot for so many years. This is why Digg has captured everyone’s imagination — it has the attention allocation power of search, but applied to news.

But there’s a problem with these two approaches to media consolidation — they remain separate.

In one corner you’ve got all of the capacity to create content, from traditional media brand networks to citizen media consolidators, all the way down the long tail to independent blog publishers.

In the other corner you have the aggregators, from search to audience-powered social news, increasingly dominating how attention gets allocated to all of this content.

It seems unlikely that the the big media players are going to be content with half the pie.

And so this separation is starting to dissolve, e.g. Conde Nast acquires Reddit, Google starts hosting news wire content, Forbes acquires Clipmarks, Digg hosts massive comment threads that dwarf what you find on the original content items.

This is where consolidation converges, where content creation meets attention allocation — new media companies are realizing that they have to do both.

This is why, as Jeff Chester notes in a recent Nation article, the idea the the Web can serve as an antidote to consolidation is naive at best. “The growing consolidation at the core of the digital media business, ultimately will result in a handful of companies controlling the revenues for all of online media–blogs, social networks, search engines, mobile communication and (especially) news and information sites. This should be of concern, especially to progressive idealists who hoped that the Internet could pose a challenge to the ‘old’ media monopoly.”

Here’s my point: both of these versions of consolidation are largely bypassing the progressive media sector. While individual progressive media projects have benefitted from traffic driven to them via search engines, digg, etc., legacy progressive media outlets have had limited success in either penetrating the ranks of consolidated commercial media or partnering with the digital powerbrokers. There’s work to be done.