Raising Antennas in Show-Biz

Land The FCC gives to networks and takes from Hollywood and cable TV

WITH TWO STROKES OF THE PEN, THE FEDERAL COMmunications Commission created a lot of static in the entertainment business. By adopting the most sweeping price controls in a decade, the agency angered the cable-television industry, ordering cable systems throughout the country to cut rates for most services up to 10%, a move that could save subscribers an aggregate $1.2 billion. Rates will now be regulated by Washington and local governments. While cable companies complained, consumer groups and local governments say the FCC did not go far enough. In a separate decision that left Hollywood studios fuming, the FCC allowed ABC, CBS...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!