Business Services Industry
U.S. hands out $1 billion for digital TV switch.
Knight Ridder/Tribune Business News, September, 2004
By Tony Glover, The Business, London Knight Ridder/Tribune Business News
Sep. 26--The US Senate Commerce Committee has approved $1 billion (UKpound 560m E820m) in subsidies for US households to switch from analogue to digital television. The money will help low-income families buy digital televisions. The move is a response to a draft bill proposed by US Senate Committee chairman John McCain.
McCain's original proposal was much further reaching and set a firm switchover date for the move to digital. That would have required broadcasters to switch off analogue signals by 2009 -- three years ahead of the UK's switchover, which is not now expected to be completed before 2012. But the Senate committee rejected this part of the proposal.
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