Rep. Walden: FCC Independence a Fiction - Broadcasting & Cable

Rep. Walden: FCC Independence a Fiction

Says companies have warned Title II could mean 20%-30% investment hit
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House Communications Subcommittee chairman Greg Walden (R-Ore.) told small and medium-sized cable operators Wednesday (March 4) that he thought the Federal Communications Commission’s decision to reclassify Internet access under Title II common-carrier regulations was a “total overreach,” as well as illogical and illegal.

In a Q&A session hosted by the American Cable Association and moderated by president/CEO Matt Polka, Walden also said he had off-the-record conversations with companies that had told him Title II reclassification would translate into a 20%-30% cut in their broadband investments.

FCC chairman Tom Wheeler has downplayed warnings that investment cuts could be a byproduct of reclassification, pointing to statements by some execs that they would  continue to invest.

For the full story go to Multichannel.com.

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