At Press Time

Mar 5, 2001  •  Post A Comment

Streaming issue in D.C.
Washington–A dozen lawmakers Friday asked the Federal Communications Commission to protect broadcast television programming from being retransmitted without permission on the Internet.
In a letter to FCC Chairman Michael Powell, they said the next wave of digital cable set-top boxes being designed by electronics manufacturers bar unauthorized video streaming of cable and satellite shows without protecting broadcast fare.
The Consumer Electronics Association, which represents manufacturers, said it will review the parties’ concerns. But it refuses to take any steps that might curb the ability of consumers to make video recordings.
Upfront to fall behind
New York–This year’s upfront advertiser spending-the weakest in 10 years-will drop 15 percent from 2000 levels, with pricing up 5 percent at best and volume declining 20 percent to 1998 levels.
That was the word Friday from Morgan Stanley Dean Witter analyst Richard Bilotti, who downgraded Walt Disney and Fox Entertainment to “neutral” ratings on reduced earnings estimates.
He remains bullish on AOL Time Warner because the company is impacted less by conventional ad spending. He also downgraded the entire entertainment sector to “underweight” and slashed entertainment sector revenue and earnings estimates.
FCC: restore EEO rules
Washington–The Federal Communications Commission on Friday asked the Court of Appeals in Washington to let the agency resurrect at least part of the agency’s equal employment opportunity rules for broadcasters. The court threw out the regulations in January.