The student-led anti–media-monopoly movement in Taiwan has generated strong momentum since mid-2012. In early 2013, the National Communications Commission responded by drafting the “Prevention of Broadcasting and Television Monopoly and the Maintenance of Diversity Act”, which was approved by the Executive Yuan in April 2013 and is now waiting to be debated in the Legislative Yuan. In contemporary Taiwan, the social is often connected with the political. The existing democratic system, which is a legacy of the democratisation process in the twentieth century, no longer seems adequate to serve the citizens of the twenty-first century. This paper considers the anti-media-monopoly movement and the burgeoning civic movements in recent years as part of a “second wave” of democratisation for further political reform and democratic consolidation. When martial law was lifted in Taiwan in 1987, the “first wave” of media liberalisation ended with the commercialisation of industry. The “second wave” of media democratisation has picked up where the first wave left off and may finally establish, through increasingly more thoughtful media policies, a better and fairer media environment that is more suitable for democratic Taiwan.