roundtable: Cross-Ownership Issues Regarding H.R. 1555 are Real

roundtable: Cross-Ownership Issues Regarding H.R. 1555 are Real

Cross-Ownership Issues Regarding H.R. 1555 are Real

W. Curtiss Priest (BMSLIB@mitvma.mit.edu)
Tue, 16 May 95 14:40:00 EDT 

Message-Id: <9505161848.AA16329@a.cni.org>
Date:         Tue, 16 May 95 14:40:00 EDT
From: "W. Curtiss Priest" <BMSLIB@mitvma.mit.edu>
Subject:      Cross-Ownership Issues Regarding H.R. 1555 are Real
To: Telecommunications Policy Roundtable <ROUNDTABLE@CNI.ORG>


Last week I posted an article about the empire that Rupert Murdoch was
building from UPSIDE.

The current bills in the house and the senate do not prevent 
cross-ownership and could cause the greatest constriction of free 
speech this country has ever seen.

To illustrate, here is an announcement from MCI about their spending
$2 BILLION dollars to be part of cross-ownership!

>From Boston Globe, 5/14/95, p. 76
BUSINESS
A TANDEM REVVING UP FOR THE INFO HIGHWAY

MCI Communications Corp. announced Wednesday a planned investment of
$2 billion in News Corp., Rupert Murdoch's global media giant.  The
deal represents a neat fit between software and hardware, as the
various entertainment and information enterprises of News Corp.
might someday be distrbuting their products directly to customers'
homes through MCI transmission facilities.  "Until today," Murdoch said,
"no one has put together the right building blocks - programming, network
intelligence, distribution and merchandising - to offer new media
services on a global scale.  MCI's strengths are terrifically
synergistic with News Corp.'s"

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