Word: fcc
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Another literary source could have been the Warner Bros. film library. Time Warner officials were outraged that Disney had tried to wring commercial advantage out of the big merger, using the FTC and FCC examination of the deal as air cover for an opportunity to enhance Disney's bottom line. They sounded like Claude Rains in Casablanca, who would have been "Shocked! Shocked!" that one communications conglomerate would dare to profit at the expense of another...
...misadventure isn't likely to derail the AOL deal. As former FCC chairman Reed Hundt puts it, "Those people who might [have been led to] think AOL-Time Warner is a big, scary company already know how big and scary it is." But there was a big rush on satellite dishes in Houston last week, and a heightened sensitivity to the power of the cable companies. Officials in many cities have been looking toward Portland, Ore., which drew upon its power to approve a change in ownership of the city's cable systems to win concessions from AT&T when...
...refund on two full days of basic service, plus a free month of a premium channel they weren't already receiving (the latter is a tactic that used to be called sales promotion). In Washington chief Disney lobbyist Preston Padden was serving up unctuousness by the ladle. After the FCC officially scolded Time Warner in midweek, Padden intoned, "We are incredibly grateful to the people at the FCC, who were placed under a completely unfair burden by this whole contrived crisis...
SLAMMERS SLAMMED The FCC is backing up its pledge to crack down on slamming, the illegal practice whereby phone companies switch your long-distance service without your say-so and then typically charge you 50% more. Two weeks ago, the agency moved to empower the states to enforce its strictures against the practice. Under FCC rules, if you haven't paid your slammer bill, you'll be absolved of the first 30 days of charges. If you have paid, the slammer must pay your regular carrier 150% of your charges. Then you'll get back half of what you paid...
...South and SBC say their venture could have a similarly huge Wall Street debut. What's more, industry experts expect the number of U.S. cell phone users (currently around 80 million) to double within five years. The cell phone market is expected to grow substantially this summer, when the FCC plans to auction off several billion dollars' worth of wireless licenses. Of course, there's a major downside to this boom - pretty soon, it seems, there will be absolutely no refuge from all that incessant cell phone chattering...