FTC cuts deal that could make CDs cheaper

Article Abstract:

Warner Music Group is expected to be the first of five major record companies that will suspend 'minimum advertised price' (MAP) policies, which antitrust enforcers believe is keeping compact disc prices artifically high. The firm has signed a consent agreement with the Federal Trade Commission (FTC) agreeing to halt its MAP policies for at least seven years to settle allegations resulting from a three-year FTC probe of record company advertising practices. MAP policies require stores to agree not to advertise CDs below a certain price in exchange for the record company's agreement to share the costs incurred by these stores in advertising the CDs.

Legal issues & crime, Recorded Music Producers, Record Production, Music producers (Persons), Warner Music Group

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AT&T-MediaOne merger OK'd

Article Abstract:

The AT and T Corp-MediaOne merger was cleared on Jun 5, 2000, by the Federal Communications Commission (FCC) on a condition that AT and T unload its cable properties. The FCC's ruling on the $50-billion merger would allow AT and T to become the No. 1 cable operator. Consumer advocates criticized the decision and vowed to challenge it in court and in Congress. Gene Kimmelman of Consumer Union accused the FCC of disregarding 'critical facts, its own rules and legal standards.'

Acquisitions & mergers, Cable Television Systems, Cable Networks, AT&T Corp., Cable television broadcasting industry, Cable television

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