Cable to feds: Let market decide

June 10, 2003 at 1:15 PM

CHICAGO, June 10 (UPI) -- The cable industry voiced its distaste for nearly all federal regulation at its annual show in Chicago.

The National Cable & Telecommunications Association show opened Monday.

Citing their success introducing a panoply of new services during the past year, including video-on-demand and high-definition television, industry leaders strongly indicated their preference for minimal intervention from Capitol Hill, the Hollywood Reporter said.

"Let the marketplace determine how best to meet consumer needs," AOL Time Warner chairman and CEO Richard Parsons said.

Parsons was joined on the opening panel Monday by Mel Karmazin, president and chief operating officer of Viacom; Brian Roberts, president and CEO of Comcast Corp.; and Bill Gates, chairman and chief software officer of Microsoft Corp.

The panel was moderated by CNN anchor Lou Dobbs.

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