Eakinomics: Time to Jettison Legacy FCC Rules
/You know, maybe it’s time to try again. The endless (and pointless) network-neutrality debate over regulation of the internet using Title I versus Title II of the Communications Act of 1934 convinced Eakinomics it was time to simply dump the 1934 Act and pass a modern law for internet regulation. Now, a similar issue arises regarding Federal Communications Commission (FCC) ownership rules for broadcast media.
As nicely exposited by former AAF policy expert Jeff Westling (now at the International Centre for Law & Economics, where we wish him well and a better back swing) and Aryan Mirchandani:
The Federal Communications Commission (FCC) has long set standards designed to prevent consolidation within the radio and broadcasting industry. These standards aim to promote competition, localism and diversity of viewpoints by ensuring that the power to inform the masses is not held by limited actors. Congress directed the FCC to reevaluate these standards every four years to determine if they continue to meet their intended aim. In September, the FCC issued a Notice of Proposed Rulemaking continuing the latest quadrennial review.
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