The FCC should ask Mediacom to open its books so...
The FCC should ask Mediacom to open its books so the commission and public and see where its subscription fees are spent, Sinclair Broadcast Group General Counsel Barry Faber wrote in a letter to the FCC. The letter was in…
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response to an earlier letter from Mediacom CEO Rocco Commisso (CD March 23 p18) to FCC Chairman Julius Genachowski about retransmission consent (RTC). “It would be helpful for the FCC to examine Mr. Commisso’s claim that the RTC price escalation is responsible for the exorbitant cable rate increases imposed on the public over the last several years,” Faber wrote. “While some truth may exist in Mr. Commisso’s claim that smaller systems are being charged higher fees than the largest cable companies, this results not from broadcasters asserting leverage on small cable companies, but rather from broadcasters being forced to accept below-market rates from these large companies which enjoy tremendous leverage over most broadcasters,” Faber said.