No Special Favors For Cable Or Phones
It's ironic. The cable-television industry was early in recognizing the coming convergence of media, computers, and telecommunications. Yet now, the industry fears its role in the much-ballyhooed Information Superhighway is shrinking. The problem is that the federal government slashed some $3 billion in cable cash flow by cutting rates by 17% just as cable companies were beefing up capital-spending plans. At the same time, the cash-rich Baby Bells are going ahead with their aggressive plans to upgrade their networks for video services.
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