Word: hundt
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...leave from the firm to manage the vice- presidential campaign for Gore. After the election, he became deputy director of personnel for the transition, helping salt Gore loyalists throughout the federal bureaucracy and playing a role in the appointments of top officials like Federal Communications Commission Chairman Reed Hundt, EPA Administrator Carol Browner and Assistant Energy Secretary Tom Grumbly...
...broadcasters got better than a good deal on the new frequencies (effectively, a second channel for each of the nation's 1,500 TV stations). They got them for free. "The largest single grant of public property to a single industry in this generation," grumbles FCC chairman Reed Hundt, who favored an auction of the spectrum space...
...backtrack on HDTV came as little surprise to many industry watchers. "The great myth here is that this was all about HDTV," says Hundt. "HDTV has been a fraud by the broadcasters all these years." Indeed, broadcasters claim that in the frequency consumed by a single HDTV transmission, they can "multicast" several channels of lower-grade digital pictures, which, to the average couch potato, are indistinguishable from the real thing. "The technology is getting so good that we can contemplate multiple channels without any difference in picture quality that the consumer is going to see," Padden told TIME. The other...
Most recently, Allen bigfooted Walter out of the way to explore a merger with SBC Communications, Inc., the largest of the regional Bells. The talks collapsed amid unofficial hints from FCC chairman Reed Hundt on the order of "Are you nuts...
Anyone paying attention could have seen these things happening, but it took an event like Gates' investment in Comcast to drive it all home. "In one day there's an epiphany," observes the FCC chairman, Reed Hundt. Gates is the premier techno-futurist of our time. "He's saying what's past is past--this is the future," notes media analyst John Reidy at Smith Barney. Some cable executives may now enjoy vindication for their expensive strategies, and investors may reap the rewards for their patience--although cable stocks have been so horrible that they'll have to shoot much...