Word: ftc
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Dates: during 2000-2000
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...they directed their top executives to endure hundreds of hours of interrogation in Room No. 385 of the Federal Trade Commission building in Washington, and why they showered thousands of proprietary documents on their inquisitors. And it's exactly why they faxed, on the eve of last week's FTC vote, the final written concession that led to unanimous approval of the $112 billion marriage between Case's America Online and Levin's Time Warner...
Nobody knows. And that put the FTC in the ungainly position of regulating the future. The FTC's solution was to ensure that the pipes, just like federal highways, were open to everyone, making "open access" to the two companies' cable and Internet services the price of approval. Case and Levin agreed to allow at least three other Internet service providers access to Time Warner cable lines and decreed that AOL would continue to invest in slower, phone-based DSL service...
...Case and Levin wouldn't budge when the FTC demanded the right to regulate the placement of AOL Time Warner content, fearing they would lose control of their own products. It was a make-or-break issue. In their 11th-hour concession, signed off on at 5:30 last Wednesday afternoon, they agreed to report any complaints from competitors who believe they've been denied AOL Time Warner content...
...marriage of such vast arrays of content and distribution, like the old Standard Oil, worried the FTC for a long, long time until they gave up. Sometimes it tugs at the consciences of us content providers (formerly known as journalists). The use in news writing of "a parent company of this network/magazine/publication" was already widespread - this merger makes it even more so. Not to mention that there's one less behemoth out there I can make fun of without fearing for my company stock...
...Suspicious enough to pay top dollar - many, many billions - for my services. And it's nice to be wanted. It's nice to know that my news-themed content just got the inside track (don't tell the FTC I said that) to some 25 million paying subscribers. And it's nice to think that my stock in this new new-media behemoth could one day make me a man of above-average wealth - as soon the next speculative bubble hits NASDAQ. (I have one word for you: broadband...