At the Portals
By
| May 3, 2004
The Corduroy Crew is calling on the FCC to put off any mergers by cable’s 2 largest MSOs—Comcast [CMCSA] and Time Warner [TWX]—until it settles on new cable horizontal ownership rules. The rules, struck down by a federal court 3 years ago, limited a cable company to 30% of all pay TV subs (Comcast was at 28.9% last month, according to a recent FCC filing). Much to the Crew’s dismay, the FCC has not adopted new rules. The consumer groups’ letter to the FCC Fri was spurred by Adelphia’s announcement that it would contemplate a sale.