Cable's Wall Street Woes Reflect Unfounded Biden Fears, Says MoffettNathanson
Wall Street's recent bearishness toward cable companies may reflect concerns a Joe Biden presidency would mean Communications Act Title II reclassification of broadband service, legislation on net neutrality or even overt price regulation, MoffettNathanson's Craig Moffett wrote investors Tuesday. He…
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said reclassification by a Democratic FCC would likely be shot down by the Supreme Court long before price regulation could happen. Regulatory attention on Big Tech, and away from cable, seems to point to a regulatory outlook for cable that's "less scary" than it has been for years, even under a Democratic administration, he said.