Word: fcc
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...Federal Communications Commission launched an investigation into whether some buyers in the first-ever government auction of wireless licenses last month were up to no good. At issue: the FCC says some companies may have falsified information about their ability to pay for licenses they bid on, and some may have falsely claimed to be minority- or female-owned to gain special bidding preferences. The probe was begun after 27 of 178 winning companies failed to make down-payments for "interactive" licenses, which permit companies to offer customers two-way video and data services -- like video on demand...
...paging and messaging companies raised their bids through 47 rounds of an auction and ended up paying the Federal Communications Commission $617 million for 10 radio-frequency licenses. It was the FCC's first such auction of the airwaves, but it promises more...
...major precedent: FCC lets New Jersey phone company carry cable...
...along the cost of new channels plus 7.5%, but cable operators complain that the percentage is too small to make carrying such channels worth it. Hence few new channels on basic cable. "In regulating the industry," contends Carter Maguire, executive vice president of sales for Turner Cable Network, "the FCC has paralyzed...
...FCC chairman Reed Hundt has promised that the agency will listen to the cable industry's complaints and consider refining the rules. Consumer advocates, though, scoff at cable's cries of pain. "When I hear a cable operator say he can't add a new channel," says Bradley Stillman, legislative counsel to the Consumer Federation of America, "I wonder how many shopping channels he's got on the air, or how many channels in which he has a financial interest. Channel decisions are driven by many factors -- and the industry is trying to blame it all on the FCC...