Uh, Which Beast Were We Supposed To Starve?By
You know, you raise these corporate critters from seedlings. They bring you success. Lots of cool stuff. Shiny. Pretty. All they want is a little blood, after all. And besides, you’re in charge. Right? Then one day it’s, “Feed me, Seymour!”
Verizon sure looks hungry. Via The Hill
Three top Democrats on the House Energy and Commerce Committee wrote a letter to their colleagues on Friday, calling attention to a “troubling” constitutional argument Verizon has made in its bid to overturn net-neutrality regulations.
Democratic Reps. Henry Waxman (Calif.), Anna Eshoo (Calif.) and Edward Markey (Mass.) warned that Congress’s power to regulate the communications industry would be severely restricted if the court accepts Verizon’s claim that the net-neutrality regulations violate its First Amendment free speech rights.
“Although this First Amendment issue is being raised by Verizon in the context of the Open Internet Order, there is no apparent limit to the company’s claim,” the lawmakers wrote. “If the court accepts Verizon’s argument, the role of Congress in enacting communications policy through power granted by the Commerce Clause — including efforts to protect consumers and promote competition in contexts far removed from the Open Internet rules themselves — could be radically undermined.”
Say, why shouldn’t Verizon have free speech rights? And freedom — from oversight? Freedom to screw its customers?
Speaking of hungry, media giants have to eat if they want to grow big and strong. Why shouldn’t a News Corp. veteran run the LA Times and the Chicago Tribune too?
Peter Liguori, a former top executive at News Corp. and Discovery Communications, is expected to be named chief executive of Tribune Co. after the company emerges from bankruptcy, according to people familiar with the matter.
Tribune cleared a final regulatory hurdle Friday when the Federal Communications Commission granted waivers that pave the way for transfers of Tribune broadcast licenses to the eventual new owners of the company, a group led by Oaktree Capital Management, Angelo Gordon & Co. and JPMorgan Chase & Co.
The FCC’s staff issued the waivers of its so-called cross-ownership rules, which restrict newspapers from combining with television and radio stations in the same market.
Tribune, which has been in bankruptcy for almost four years, owns the Los Angeles Times and KTLA-TV Channel 5 in Los Angeles, along with the Chicago Tribune, WGN radio and television stations and other newspapers and television stations throughout the country. The 23 TV stations are considered the most valuable part of the company.
Why shouldn’t News Corp 2 control multiple news outlets in the same market? These guys are better even than real estate developers. They only have to abide by regulations when they feel like it. And when they don’t, they get waivers with a wink and a nod.
Why shouldn’t the mis-managers at Hostess get $1.75 million in bonuses while asking 18,500 employees for more blood? Why shouldn’t beasts like these be able to buy elections? And frack your water supply and gobble up more of the commons?
You don’t know what you’re messing with. And it looks like you’ve been had.