Pay Tv?

Broadcasters are receiving static on Capitol Hill. Congressional budgetmeisters have instructed their communications subcommittees to come up with $14 billion in revenue by 2002--when the GOP has promised to balance the budget. One likely source: auctioning off new chunks of the airwaves. That would be a huge setback for TV stations, which had expected to get new digital spectrum for little or no cost to broadcast multiple signals or lucrative data services.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.