The corporate media has definitely not been covering this issue. This is their special interest that NOT in the best interests of the American people.
Thanks to the Seattle Times we have an update on the Republican FCC Chairman's push to allow ATT and Bell South to merge without Net Neutrality guarantees. The Republican Chair-- Kevin Martin--tried to force the newest Republican member to vote on this issue to break the deadlock (a tie vote). The newest member--Robert McDowell--refused to vote choosing to honor his word. McDowell had testified before Congress that he would not vote on any issue affecting the telecommunications industry (he has strong ties here).
The two Democratic members are holding firm...so the merger is currently blocked. For more info on this merger and other media news check out Free Press.