In its protective order the FCC said:
While we are mindful of the sensitive nature of some of the information involved, we are also mindful of the general right of the public, and our desire for the public, to participate in this proceeding in a meaningful way. We find that allowing limited access to competitively sensitive materials pursuant to the procedures set forth in the attached Protective Order allows the public (through appropriate representatives) to do so while also protecting competitively sensitive information from improper disclosure and use.
The FCC had voted two weeks before to approve the order, but the delay in publishing was caused by a desire to incorporate dissenting comments from the lone Republican appointee to the commission. According to Multichannel News, Ajit Pai, the Republican commissioner, had objections including:
[T]he Commission sees another chance to give outside parties a sneak peek at confidential programming agreements. This Order is obviously the first step in the Commission’s misguided effort to do so. …
It substantially revises the FCC’s policies regarding the treatment of confidential commercial information in all types of Commission proceedings,” he said. “And it changes not only the Commission’s policy on disclosing confidential information pursuant to a protective order, but also the Commission’s approach to the release of such information to the general public. To put it another way, in order to set the stage for disclosing highly confidential programming contracts to parties with whom programmers must negotiate distribution agreements, the Commission is prepared to inflict a large amount of collateral damage along the way.
The FCC’s general counsel said in a blog post that “the protective order procedures ensure that any objecting programmers have ample opportunities to protect their interests before any information is made available under the protective order.”
Don’t touch that dial.
ALSO READ: 8 Buybacks and Dividends Just Too Big to Ignore
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.