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Nynex Objects to Massachusetts Legislation on Cable Television.(Originated from The Boston Globe)
Knight Ridder/Tribune Business News, June, 1997 by Mohl, Bruce
Jun. 5--Nynex Corp. said yesterday a bill moving through the Legislature with strong backing from the cable television industry would make it virtually impossible for the phone company to get into the cable business in the future.
The bill, which flew through the House on a voice vote and is awaiting action in the Senate, would allow municipalities to grant additional cable TV licenses only if the terms are no more favorable than the license held by the incumbent company.
Cable TV companies say the measure is needed to ensure they and their competitors operate on a level playing field. Nynex and some municipal officials say the bill is designed to shield cable companies from competition at a time when their monopoly is crumbling.
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