The Federal Communications Commission today finally approved the merger between Comcast and NBC/Universal. Heartland friend Seton Motley had a great take down of the particulars at Big Government a few days ago. It’s worth the read.
Here is Heartland’s take:
Jim Lakely, co-director of the Center on the Digital Economy at The Heartland Institute:
“In the wake of grabbing regulatory authority over the Internet, the FCC surely wants to demonstrate its bureaucratic competence. Unfortunately, the commission has merely showed it’s in over its head when it comes to regulating media in the digital age.
“Approval of this merger took too long, coming nearly two months past the 180-day deadline that passed around Thanksgiving. And the merger comes with conditions that will likely prove unworkable — especially the mandate that Comcast adhere to the FCC’s current version of ‘net neutrality’ principles for seven years. Such a span of time is a virtual eternity in digital media, akin to locking a cell phone company into the industry standard of 2003.
“While the FCC’s blessing is welcome, the commission should stop trying to micromanage an industry that moves faster than any in history, and give market forces the freedom to self-regulate and continue pushing innovation in the digital economy.”