Tech at Night: This industry is getting faster-than-inflation gains due to regulation
I do apologize for this post being late and shorter than usual but work was really rough this week and I’m kind of catching up with myself this weekend.
The biggest hidden part of your cable bill is the bill you pay for your local channels. So-called Retransmission Consent fees are huge, and growing every year, becoming an ever-more important part of the revenue for the major networks, and the local channels.
Free, over the air channels never got so expensive.
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Tech at Night: Untying the Retransmission Consent knot with LOCAL CHOICE?
So after Republicans went ahead and avoided major Retransmission Consent reform in the satellite TV reauthorization bill, it turns out the Senate is going to take its own stab at reform.
You see, right now the way that local broadcasters and local cable companies make deals is governed by a set of government mandates called the Retransmission Consent framework. This framework heavily favors broadcasters, on purpose, as an attempt to pick winners and losers in government.
So barring a free market option, we have to decide whether the new option is more or less distorting of the market. I think I support the LOCAL CHOICE plan by Jay Rockefeller and John Thune.
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