Good news and bad news have characterized the indigenization attempts of Commonwealth Caribbean mass communications during the past decade. The good news is that local ownership is replacing that of foreign entrepreneurs in most mass media operations. The bad news is that all too often, one of the few local agencies capable of affording mass media is the government. The good news is that there are increasing efforts at local production and exchange of news and media content. The bad news is that some of these attempts have been sabotaged by petty jealousies of island nations, more attractive media packages at lower costs offered from the outside or technical problems. This paper first looks at media ownership trends of Commonwealth Caribbean mass media, followed by recent changes in news flow and media content. (Author).