Economy Is FCC's Top Job

A Q&A with Federal Communications Commission member Robert McDowell who believes that in the coming year, job one for the Commission should be economic stimulus. How? By "creating a regulatory environment that is hospitable to new investment" which means "creating windows of investment that are opportunities to create real value and not merely regulatory arbitrage schemes. In other words, not just taking away from one market player to give to another. That doesn't create value or wealth." More on the digital television transition, his possible renomination, the broadcaster-newspaper crossownership ban, public interest obligations, and, of course, the Fairness Doctrine.