Former FCC Chairman Reed Hundt is entering the...
Former FCC Chairman Reed Hundt is entering the cable business as a board member for NewWave Communications, Hundt said in an emailed press release Monday. Hundt is a strategic adviser at equity firm GCTR, which along with partner Rural Broadband…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Investments, bought NewWave last week. “Having been a regulator of cable and a consultant to cable, it’s great now to be an owner and part of a management team,” said Hundt. According to another release (http://bit.ly/14hOscl), GCTR and RBI’s acquisition of NewWave is part of a larger plan for the company to “acquire 300,000-400,000 cable subscribers in small-to-mid sized rural markets.” NewWave has about 90,000 subscribers in rural Illinois, Indiana, Missouri and Arkansas, the release said.