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Time Warner Cable, Cablevision Stocks Tumble After FCC Announces Toughening Internet Regulations

May 6, 2010  •  Post A Comment

Stock prices of Time Warner Cable and Cablevision Systems dropped more than 5% after the Federal Communications Commission announced today that it will seek to impose more regulations on Internet-service providers, Bloomberg reports. 

The FCC could seek to reclassify Internet service under the same regulations that phone services fall under, which would force providers to file "tariffs" before pricing increases. One analyst termed that the "nuclear option." 

Time Warner Cable dipped as much as 6.4 percent on Thursday in the New York Stock Exchange, while Cablevision plunged $1.14 to $25.67, after earlier falling as much as 5.2 percent.

2 Comments

  1. Neat blog layout! Very easy on the eyes.. i like the colors you picked out

  2. Amazing freakin blog here. I almost cried while reading it!

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