For those who think their cable bills are soaring to all-time highs, it might be reassuring to know that a bipartisan group of U.S. senators agree. At a recent Senate Commerce Committee hearing, members pondered the reasons for the rate hikes. “There is only head-to-head competition in less than two percent of America,” said Senator Gordon Smith (R-OR). He’s right, and one of the biggest barriers to competition in the cable market is franchising rules — the regulatory system that allows local governments to set the terms and conditions for businesses to enter the video market.
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Reform Video Franchising Now
Posted by: Sonia Arrison February 17, 2006 05:00 AMFor those who think their cable bills are soaring to all-time highs, it might be reassuring to know that a bipartisan group of U.S. senators agree. At a recent Senate Commerce Committee hearing, members pondered the reasons for the rate hikes. “There is only head-to-head competition in less than two percent of America,” said Senator Gordon Smith (R-OR). He’s right, and one of the biggest barriers to competition in the cable market is franchising rules — the regulatory system that allows local governments to set the terms and conditions for businesses to enter the video market.