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Article: PHONE FIRMS' TV ROLLOUT SUFFERS SETBACK.(BUSINESS)(MARKET MEMO)(Column)
- Article from:
- The Capital Times
- Article date:
- May 31, 2005
CopyrightCOPYRIGHT 2005 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SBC Communications and Verizon Communications lost a major showdown with cable TV rivals over telecommunications legislation in Texas, setting a precedent that is likely to slow their efforts to roll out TV service across the country, The Wall Street Journal reported today.
SBC and Verizon had lobbied aggressively for a bill that would allow them to seek a statewide TV franchise agreement, rather than dealing with hundreds of individual communities, but state legislators over the weekend failed to act on the bill as the Texas Legislature has ended its session.
Rep. Phil King, the Texas bill's sponsor, blames the defeat on the success by the cable lobby ...