FCC Chair considers cable ownership rule rewrite
No news really, but FCC Chair Michael Powell indicated a couple of times during the past two days that the agency hasn't forgotten the industry.
Powell said the FCC is progressing on rewriting ownership limits for the cable TV market, Reuters reports. The U.S. Court of Appeals for the District of Columbia called the 30-percent limit on market share unconstitutional, as a result of challenges from Time Warner and AT&T.
Powell told Reuters he didn't know how long a rewrite would take, but hoped it wouldn't go longer than the present year.
Likewise, Powell said consumers feel a certain consternation when faced with technological advances and the costs, especially in light of increasing broadband prices and low return on cable company investments in the technology. The chair told Associated Press the industry's growth could change how the services are regulated.