Soon after the cable-television industry was deregulated in 1984, critics began calling for new government controls. Many consumers wanted to curb fast- rising rates, while would-be cable competitors wanted authority to enter the business. Last week the House approved a bill that would empower the Federal Communications Commission to set rates for basic service and would require cable firms to lease channels to potential competitors at reasonable prices. But prospects for the bill are uncertain. The Senate is unlikely to complete the legislation before Congress adjourns Oct. 5. Cable operators are generally unhappy with the House bill. But they would be...
To continue reading:
or
Log-In
