Word: fcc
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Although Ferguson will try to shoot down the deal, the AT&T-McCaw merger looks as if it may fly. While the Justice Department has yet to give the two companies the go-ahead, the FCC has in the past looked favorably at such transactions. If the agency does not approve, it can expect to be swiftly inundated with demands from the rest of the industry to be saved from the competitive behemoth that technology has spawned...
...FCC Backs Murdoch...
...FCC allows mogul to reacquire the New York Post...
...cable-television industry, ordering cable systems throughout the country to cut rates for most services up to 10%, a move that could save subscribers an aggregate $1.2 billion. Rates will now be regulated by Washington and local governments. While cable companies complained, consumer groups and local governments say the FCC did not go far enough. In a separate decision that left Hollywood studios fuming, the FCC allowed ABC, CBS and NBC to produce and own television programs and retain their lucrative rerun rights as well. In erasing industry barriers, the ruling could eventually lead to mergers between studios...
...thing, not every home will be connected to the information superhighway (even now, 39% of American homes are still not hooked up to cable), which means some form of traditional broadcasting will stick around for at least a decade or two. In addition, pressure from Congress and the FCC is likely to protect the role of free broadcasting and local affiliates...