The cable television industry has long eyed telephone companies warily, and now the Federal Communications Commission has given it ample reason for that concern. The FCC has granted phone companies the right to carry TV programming into millions of homes. The controversial decision is a major victory for phone operators, which will now be able to transmit TV shows, movies, sports and news formerly carried only by cable and broadcast networks. They will also be allowed to acquire a financial stake of up to 5% in programmers like cnn, Walt Disney and even cbs. The ruling is expected to pave the...
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