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...fees," and they're basically a tribute that your long-distance carrier has to pay your local phone company for using its wires (and part of the regulatory hangover still lingering after the breakup of AT&T). But never mind all that - they're about to go down. The FCC on Wednesday promised lower July phone bills for everyone after it slashed those fees by $3.2 billion and extracted a promise from phone companies to pass the savings along to customers. "This is the most dramatic reduction in telephone service prices in the history of this agency," gushed FCC chairman...
...according to FCC officials, we may not need those rules any more. The New York Times reports that the agency issued recommendations Tuesday that would ease restrictions on media conglomerates' owning a television station and a newspaper in the same market. The regulations, the FCC argues, were designed to promote media diversity; Tuesday the agency maintained that the growing numbers of cable, satellite and Internet news providers have essentially rendered their statutes obsolete...
...holdings in major markets, such as New York and Los Angeles, if it wants to go through with its proposed acquisition of publishing giant Times Mirror. Not that Tuesday's report was a virtual Christmas in May for every media company; Murdoch's Fox, apparently outraged at the FCC's refusal to revise regulations keeping any company from reaching more than 35 percent of the national audience, stormed off to court and filed suit against the agency. Fox reached its limit some time ago, and has been champing at the bit ever since...
Localization is the ability of a hand-held wireless to give you info geared specifically to where you happen to be. Some handhelds can do it now--by GPS or other technologies--but many more will be able to do it soon. Prompted by emergency-response concerns, the FCC is requiring all cellular carriers by late next year to be able to locate all their subscribers within...
Meanwhile, though, we have to look to Washington for assurances, and that's a little fuzzy. According to TIME financial correspondent Bernard Baumohl, although there are certain immutable red flags that signal monopoly power, the Justice Department and FCC each have their own way of doing things, which can be trying for companies who need the go-ahead from both agencies to continue a merger or acquisition. "While the DOJ maintains long-standing, black-and-white parameters to seek out monopolies, the FCC tends to undertake a far more subjective and changeable analysis," says Baumohl. AT&T, take note: While...