John Malone Takes Issue With FCC Regulations
July 9, 2010 at 4:15 AM (PT)
LIBERTY MEDIA GROUP CEO JOHN MALONE said the FCC's "media regulations are incoherent and have no rhyme or reason," reports THE NEW YORK POST. MALONE and a number of media's movers and shakers are meeting in SUN VALLEY at the ALLEN & CO. annual get-together (NET NEWS 7/6).
MALONE also spoke out against the U.S. tax rate and said his company has thought about moving out of COLORADO.
"The U.S. has the highest corporate tax rate in the world," MALONE said. "Big companies are sitting on their cash because they are not sure what they should do, but small businesses can't get cash," he said. "The economy is stalled."