Political Quotes

Christopher Shays: “we gave away cable franchises in the early 1970s and made millionaires out of cable franchise owners. In 1984, we…”

On the recordAugust 4, 1995
we gave away cable franchises in the early 1970s and made millionaires out of cable franchise owners. In 1984, we deregulated and made billionaires out of these organizations. The argument that since deregulation bad things have happened to cable is simply not true. Their revenues have grown from 17 billion in 1990 to 25 billion in 1995. Their subscribers have grown from 54 million to 61 million during that same time period. Cable companies are making money. They are presently without competition. We should deregulate when we have competition, not before. That is the crux of this argument.
Said by
Christopher Shays
Connecticut
Source
govinfo.gov

Editor's note · Context

Discussing the impact of deregulation on the cable industry.

Share

Share on XShare on FacebookEmail this quote

More from Christopher Shays

Sep 9, 2013

When it comes to foreign policy, and the Middle East in particular, it appears we live in a strategy-free world.

congress.gov
Sep 9, 2013

Rather than focusing on destroying elements of the Syrian government forces and choosing sides in a truly brutal civil war, our focus should be on how do we get these chemical weapons out of Syria.

congress.gov
Apr 22, 2008

Right. Because what we do is we cap the payroll at $120,000. And so it ends up being $12,000 an employer would pay. But when I was speaking of someone with 500 employees, they would pay $21,000 salary, they pay 5.25, 5¼ percent of payroll…

govinfo.gov
Apr 22, 2008

I love to talk about this and just delve into the preventative care part even more. The insurance company isn't guaranteed that that individual will be with them for life. But they are aware that the insurance company's part of the…

govinfo.gov
View all Christopher Shays quotes

Other voices in this conversation