This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FCC Wheeler's Rhetoric Not Matching Actions, Says Free Press

NEW YORK (TheStreet) -- The Internet is careening on a path toward a two-tiered network, a "fast-lane" for a handful of wealthy companies and a slow lane for the rest of us, said Craig Aaron, president of the advocacy group Free Press.

Aaron's dire forecast contrasted with an impassioned Federal Communications Commission Chairman Tom Wheeler who told a packed Washington, D.C. hearing room Thursday that he would work to guarantee that the Internet "remains free and open," the siren call of those who advocate for "net neutrality." The five-member FCC approved Wheeler's proposal to re-write rules to oversee Internet connectivity.

Wheeler's proposed rules are meant to balance calls for equal access to the Web with the demands of companies that have spend billions of dollars to build broadband networks. Nonetheless, the chairman's proposal would allow broadband providers such as Comcast (CMCSA - Get Report), the country's largest cable-TV operator, Verizon (V) and AT&T (T) to sell preferential services to those willing to pay for them. Wheeler and Democrat Commissioner Mignon Clyburn voted in favor of the resolution while the two Republican commissioners Ajit Pai and Michael O'Rielly voted against. 

Democrat Jessica Rosenworcel called for a delay in the entire process, saying she would prefer to explore rules that would regulate the Internet as a utility. Rosenworcel voted to concur.


But in the hearing room, packed with some of the Netroots activists who had camped outside of the FCC's Washington headquarters in anticipation of the hearing, doubts about the agency's resolve ran high. Aaron was among them.

"The rules as drafted won't accomplish the goals that the chairman said that he's trying to accomplish," Aaron said. "The path that the agency is moving forward with would still leave us open to a two-tiered Internet. Until the reality of the text matches the rhetoric, I can't say I'm happy."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CMCSA $59.03 -0.52%
AAPL $131.78 -0.20%
FB $80.20 -0.43%
GOOG $539.78 -0.00%
TSLA $251.45 1.62%

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs