- The Future of The Media Landscape
- Predictions 2010: Media
- Why Careful Shoppers Are Great for the Box Office
- Black Friday at Best Buy
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- Twilight, Inc., A Worldwide Craze
- Oprah to Leave Syndication in 2011
- Sony's E-Reader Shortage and the Digital Book Battle
- The Future of The Media Landscape
- Predictions 2010: Media
- Why Careful Shoppers Are Great for the Box Office
- Black Friday at Best Buy
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- Twilight, Inc., A Worldwide Craze
- Oprah to Leave Syndication in 2011
- Sony's E-Reader Shortage and the Digital Book Battle
RSS FEED
MOST SHARED
- Cisco Has 84% of Tandberg, Won't Extend Bid
- UK Economy Turned, Inflation to Spike: BoE Economist
- Kohlberg Kravis Bidding for Morgan Stanley's CICC Stake
- Case Closed but Woods Scrutiny Continues
- Australia Regulator Opposes Caltex-Exxon Deal
- S&P Stocks Trading at New 52-Week Highs
- Mortgage Applications Up as Rates Continue to Decrease
- Somali Sea Gangs Create Pirate Stock Exchange
- S&P Stocks Trading at New 52-Week Highs
- Whitacre Will Change GM, But Will He Bring Better Results?
- Chipmaker Sees Options Upside After a Strong Sector Report
- Treasury Assistance Comes at High Price For GM
- Unemployment to Peak at 10.5%: Moody's Economist
- 8 Stocks to Gain on Obama's Afghan Plan: Analysts
- BofA On Proposed Changes In The Housing Bailout Program
- The Future of The Media Landscape
- November Auto Sales Muddle Along
- Mortgage Applications Up as Rates Continue to Decrease
- Tiger Woods Admits 'Transgressions'; Issues Apology
- Wal-Mart Targets Video Games with Latest Price Cuts
- 'Black Swan' Shuns Public Life Because of Bernanke
- Dubai World To Meet with Creditors Next Week
- FHA to Toughen Mortgage Rules in Lenders Crackdown
- Obama to Send More Troops; Seeks Afghanistan Exit
- Blog: Will Whitacre Bring Better Results to GM?
- Geeks Replacing Swashbucklers on Wall Street
Media Money
With a new administration getting ready to take over in Washington, the folks out in La La Land are wondering if there will be any affect on 'the biz.'
News that Representative Henry Waxman will become chairman of the House Energy & Commerce Committee in January, replacing John Dingell, who chaired the committee for the last 28 years, should be good for the entertainment industry.
The people who drive Hollywood are literally Waxman's constituency; his district includes Beverly Hills, Malibu, Santa Monica, and West Hollywood. With many of Hollywood's biggest studios in his district, and even more of the people who work there, it's only natural that Waxman would be looking out for their interests.
But Waxman has made some enemies in the broadcast TV space: pushing for free airtime for candidates, and grilling network news heads after incorrect calls in the 2000 race. He was influential in cracking down on media depictions of smoking, an issue the MPAA instituted a much stricter policy on last year. In 2001 Waxman even pushed to get NBC to turn over a video tape that allegedly showed our parent company, GE's [GE
Loading...
()
] then chairman Jack Welch, pushing news executives.
Waxman will have sway when it comes to issues of intellectual property, broadcast indecency, and even the issue of how cable and telecom companies regulate data transmitted over broadband lines (aka. net neutrality). The Energy & Commerce Committee oversees the Federal Communications Commision and all telecom issues. Waxman should work closely with a number of Hollywood allies: House Speaker Nancy Pelosi, Representative Howard Berman, and Rep. Ed Markey, who chairs the subcommittee on telecom in the internet.
Waxman pushed for this new role with an emphasis on energy, claiming that the committee hadn't made enough progress on global warming and the environment. In this economy, it seems we're unlikely to see too many media conflicts anytime soon.
In the meantime Waxman will focus on his energy issues. But when those issues do arise, as they're sure to, it'll be interesting to see if Waxman continues his hard line on broadcast policy, or whether he's more sensitive to the challenged industry.
Questions? Comments?








