Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Outdated video retransmission rules inhibit pay TV competition, hurt consumers



Outdated video retransmission rules inhibit pay TV competition, hurt consumers

CenturyLink executive to testify before U.S. House hearings on video
marketplace

PR Newswire

WASHINGTON, Sept. 10, 2013

WASHINGTON, Sept. 10, 2013 /PRNewswire/ -- Outdated video retransmission rules
inhibit competition in the pay TV market and hurt consumers, CenturyLink, Inc.
(NYSE: CTL) Regional Vice President of Regulatory and Legislative Affairs Jim
Campbell will tell two U.S. House of Representatives subcommittee hearings on
the pay TV marketplace this week.

(Logo: http://photos.prnewswire.com/prnh/20090602/DA26511LOGO)

Over the past five years, CenturyLink has begun offering its Prism™ TV service
to more than 1.5 million homes and has invested hundreds of millions of
dollars in deploying high-speed broadband services to support its digital
video product.

"While consumers have seen some slowdown in price increases from the incumbent
cable provider in the markets where we've launched Prism™ TV, true competitive
pricing unfortunately has not yet been realized," Campbell will tell the U.S.
House Committee on the Judiciary Subcommittee on Courts, Intellectual Property
and the Internet Tuesday and the U.S. House Committee on Energy and Commerce
Subcommittee on Communications and Technology Wednesday.

"Federal and state policymakers recognize that broadband deployment and video
marketplace competition are related and that broadband speeds and adoption
increase significantly when it is offered along with video services, which
benefits consumers," he said in prepared testimony.  

However, the current retransmission consent regime leaves consumers vulnerable
to programming blackouts and offers no protection against escalating prices.
"The cost of obtaining must-have broadcast programming continues to increase
exponentially and consumers are feeling the impact through increased prices.
Broadcasters are effectively using outdated rules to inhibit consumers from
receiving the benefits of choice and a truly viable, competitive pay TV
marketplace," Campbell explained.   

"CenturyLink favors a deregulatory approach under which the 1992 Cable Act
would be amended to allow video providers the right to carry national
programming from an adjacent or alternate market during a breakdown in
retransmission consent negotiations," Campbell said in his testimony.
"Congress has an opportunity, as part of the reauthorization of the Satellite
Television Extension and Localism Act of 2010, to restore balance to the video
retransmission consent marketplace to the ultimate benefit of consumers." 

About CenturyLink
CenturyLink is the third largest telecommunications company in the United
States and is recognized as a leader in the network services market by
technology industry analyst firms. The company is a global leader in cloud
infrastructure and hosted IT solutions for enterprise customers. CenturyLink
provides data, voice and managed services in local, national and select
international markets through its high-quality advanced fiber optic network
and multiple data centers for businesses and consumers. The company also
offers advanced entertainment services under the CenturyLink® Prism™ TV and
DIRECTV brands. Headquartered in Monroe, La., CenturyLink is an S&P 500
company and is included among the Fortune 500 list of America's largest
corporations. For more information, visit www.centurylink.com. 

SOURCE CenturyLink, Inc.

Website: http://www.centurytel.com
Contact: Linda M. Johnson, 202-429-3130, linda.m.johnson@centurylink.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement