Jerry Brito

The good, the bad, and the FCC

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The good news is the FCC decided yesterday to remove a ban on secondary market trading of spectrum. By no means will this allow full-on market allocation of spectrum rights, but it will allow license holders to lease out excess capacity to the highest bidder. A good first step towards a free market in spectrum. The bad news is “Republicans” John McCain and Ted Stevens are looking to head off the FCC at the pass by codifying media ownership restrictions and taking it out of the agency’s hands. This would be as bad as when Congress codified the Cuban travel ban, which had been an executive order. Still, Bush would have to sign the bill and I’m not sure he would.

May 16, 2003 | Comments