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...Exon bill had been written off for dead only a few weeks ago. Republican Senator Larry Pressler of South Dakota, chairman of the Commerce committee, which has jurisdiction over the larger telecommunications-reform act to which it is attached, told Time that he intended to move to table...

Author: /time Magazine | Title: ONLINE EROTICA: ON A SCREEN NEAR YOU | 7/3/1995 | See Source »

...telecommunications services, lift longtime limits on how many TV and radio stations one company may own, and remove an 83-year-old restriction on foreign ownership of telcom companies. If a similar House proposal passes, the result could be a free market bazaar that would -- asbill author Sen. Larry Pressler(R-S.D.) predicted today -- "result inlower telephone rates, lower cable rates and more servicesto the American public." But a leading opponent, Sen. Bob Kerrey (D-Neb.), warned that such swift and massive deregulation would only strengthen telecommunications giants.TIME's Suneel Ratansays the bill constitutes a grand, laissez-faire experiment...

Author: /time Magazine | Title: ELECTRONIC FREE-FOR-ALL | 6/15/1995 | See Source »

...money almost at will. After he became chairman, he arranged fund raisers for himself, at which Tele-Communications Inc., the Motion Picture Association of America, News Corporation and Time Warner, among others, were hosts. Sheila Krumholz, a research associate with the nonpartisan Center for Responsive Politics, says she expects Pressler to at least double the $145,367 in pac contributions he received from the communications industry during his campaign in 1990. "This is the biggest bill to hit telecommunications in 60 years," she says. "And money goes to those who have the most influence over the legislative issues that these...

Author: /time Magazine | Title: THE MAN ON THE LINE | 6/12/1995 | See Source »

...Still, Pressler is considered one of the most vulnerable Senate Republicans standing for re-election in 1996. His seat once looked shaky: a year or so ago South Dakota's G.O.P. Governor Bill Janklow considered backing a challenger to Pressler, though he now says he is happy with the Senator. Pressler's probable Democratic opponent, Congressman Tim Johnson, is making lots of noise and is practiced at pointing out Pressler's befuddled manner. During an interview on South Dakota public television in 1993, Johnson said, "I just get more and more people coming up to me, complete strangers, frankly...

Author: /time Magazine | Title: THE MAN ON THE LINE | 6/12/1995 | See Source »

...Patrick Leahy of Vermont and Joe Lieberman of Connecticut, among others, will try to limit rate increases and preserve a major role for the Justice Department in managing local markets. Nothing short of the future of the telecommunications industry is at stake. At the moment, the betting is that Pressler's bill will succeed, at least in some form. "Like Ronald Reagan, he benefits from being underestimated," says Kenneth Duberstein, a lobbyist and former White House aide. "In the end, Larry Pressler, as usual, will produce...

Author: /time Magazine | Title: THE MAN ON THE LINE | 6/12/1995 | See Source »

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