New FCC Chair Could Be Tough On Media
January 20, 2009 at 6:31 AM (PT)
Former FCC Chairman DICK WILEY said that he anticipates the new FCC under expected leader JULIUS GENACHOWSKI to be tough on media mergers and acquisitions, reports ADWEEK. He also expressed hope that the commission wouldn't pass stricter regulations in this area amid the recession.
"I'm hoping that the commission won't embark on new regulatory [endeavors]," he said in a FRIDAY conference call hosted by CREDIT SUISSE analyst SPENCER WANG. Instead, the FCC may want to put such efforts "on the sideline until economic conditions improve," he said.
WILEY is now a partner at law firm WILEY REIN, where he and colleagues have noted how tough the business is for many in the media space these days, he said.
Asked about GENACHOWSKI's likely agenda overall, he said the likely FCC chairman's focus will be on broadband, technology innovation and Net neutrality, and also include "a desire to not have a lot more consolidation" in media. WILEY also lauded GENACHOWSKI's background for being exactly what is needed at the head of the FCC right now.