FCC loses support, cable stocks rise

And who thought the FCC wouldn't budge? According to the New York Times, cable industry lobbyists eroded enough support for the FCC for the commission to scale back its proposal for greater regulation.

And who thought the FCC wouldn't budge? According to the New York Times, cable industry lobbyists eroded enough support for the FCC for the commission to scale back its proposal for greater regulation.

As part of the lobbying effort, cable execs met with senior White House officials, and with waning support, FCC chairman Kevin J. Martin had to abandon a proposal to set up a new complaint procedure between cable operators and broadcasters.

Bloomberg reports that Comcast and cable stocks are up after Martin decided to table his drive to expand the FCC's authority over cable companies.

Also:

Noteworthy on “Page Six” - To help promote the opening of the New Museum on the Bowery, Calvin Klein is letting the institution's advertisers drip paint over his Houston street jeans billboard as a prelude to tonight's event.

The Consumerist reports news from Kiplinger that Amtrak workers may strike as early as February 1st.

The Times explains how Verizon's decision to open its network and provide wider options for cell phone users – a move that reportedly surprised industry watchers - is part of a larger shift in the communications world.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.