Lead:
The Federal Communications Commission is preparing to impose significant new regulations to open the cable television market to independent programmers and rival video services after determining that cable companies have become too dominant in the industry, senior commission officials said.The article further states:
Officials say the finding could lead to more diverse programs; consumer groups say it could also lead to lower rates.Comment: It sounds like the FCC may be siding with the consumer on this one. I would enjoy better cable service with lower costs!
Some regulation is really helpful to the consumer. Some, as the failure to regulate the sub-prime mortgage market, is not. Fortunately, economists can usually differentiate the helpful from the damaging. JAD
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