There has been lots of talk about the "lame duck Congress" and its ineffectiveness after last week's election, but there's nothing lame about tomorrow's Senate Communications Subcommittee hearing on retransmission consent.
Just a look at the lineup of witnesses is enough to make this a front row event--popcorn not included. Cablevision Systems (NYSE: CVC) COO Tom Rutledge and News Corp. (Nasdaq: NWSA) President-COO Chase Carey headline a fight card that also includes Time Warner Cable (NYSE: TWC-WI) President-CEO Glenn Britt, Univision President-CEO Joe Uva and Ovation CEO Charles Segars.
The hearing is being held for multiple reasons, not the least of which to discuss a bill drafted by Subcommittee hearing Chairman John Kerry, the Massachusetts Democrat who once sought to be president and a petition by Time Warner and others before the FCC seeking to do something about retransmission oversight.
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