By Alliance for Community Media
Opening up communications markets was the purpose of the 1996 Telecommunications Act. The Act was designed to help phone companies get into the pay-TV business, and cable companies get into the phone business. Yet after a series of regulatory blunders, this promise of increased competition and lower prices has become a distant memory, like 7-Up Gold. And the situation is only getting worse.
Just last month Verizon announced it had signed a $3.6 billion deal with its erstwhile competitors Comcast, Time Warner Cable and Bright House Networks. In many ways, this announcement placed a capstone on the grave of the 1996 Telecom Act's biggest promise to America: genuine competition in communications service offerings.
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