Cable Operators SayMark Lewyn
CABLE OPERATORS SAY the Federal Communications Commission has hobbled them badly by ordering the industry to cut basic rates 7%. They complain that the FCC action has killed their cash-flow projections. And that, they say, has hurt development of the Information Superhighway by helping scuttle two of the year's biggest deals: the Bell Atlantic-Tele-Communications merger and the joint venture proposed between Southwestern Bell and Cox Enterprises.
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