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Technology Stocks : Nextwave Telecom Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (745)	3/9/2002 12:17:04 PM
From: Dennis Roth	Read Replies (3) \| Respond to of 1088

Honeymoon's Over library.northernlight.com Story Filed: Friday, March 08, 2002 3:51 PM EST Mar 08, 2002 (CableFAX/PBI Media via COMTEX) -- The year-long era of good feelings has eneded for FCC chmn Michael Powell, who's taken hits from both sides of the aisle during the past few weeks. On Thurs, Sen Fritz Hollings (D-SC) took a swipe, saying Powell would make a "wonderful evp of the Chamber of Commerce but not a chmn of a regulatory commission." Hollings was unhappy with Powell's laissez faire approach (especially regarding media ownership caps) and how the agency has dealt with the NextWave debacle. "All you need to do as chmn of the FCC is take care of the laws that we passed," Hollings said during a Senate Apps subcom hearing. "Instead, you seem to abandon that responsibility and leave it to the market." Powell replied that he thinks the law recognizes using "market forces can be concomitant with the public interest." He noted that the FCC has appealed the NextWave case to the Supreme Court and taken several measures to protect and promote competition. Calling the FCC's approach balanced and fair, Powell said, "We're going to get stuff done and I know that will produce concerns, but we'll take them into account." Hollings's tirade came the same day a William Safire column called Powell "roundheeled" and claimed he is steering the FCC toward "terminal fecklessness." All this a few weeks after Sen Trent Lott (R-MS) complained that the FCC was distorting congressional laws. CableFAX, Vol. 13, No. 46 Copyright 2002 PBI Media, LLC. All rights reserved.