I will start out by saying that I do not own a TV and do not miss it.

TV is about selling Ad time. Be it new, shock TV or reality TV, or renovating your house, it is all about sales (this is true in North America where the majority of TV is for profit). Do we need government to regulate what is on TV? - nope. It has been shown time and again, if the consumer is upset with a particular companies marketing or endorsment method, it will get changed. The bottem line rules. As a socity we have to learn how to voice our thoughts.