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With viewer ratings being a broadcast company's cardinal interest, using information's distortion is commonplace and even encouraged at times.
This answer choice is both grammatically correct and concise.
Information is an abstract noun, so the correct way to express possession to it is using of rather than 's.
Although this answer choice corrects the original Possession error and is grammatically correct, it changes the meaning of the original sentence by replacing encouraged with encouraging.
Although this answer choice corrects the original Possession error and is grammatically correct, it is stylistically flawed. Replacing the two-word phrase at times with the four-word phrase from time to time creates redundancy.
Although this answer choice corrects the original Possession error, it is stylistically flawed. The phrase distorted information use is awkward and ambiguous - it is not clear whether the information or the use is distorted.
This answer choice is grammatically incorrect: information is an abstract noun, and using 's to express possession is only allowed with concrete nouns.