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Liberty's Malone Angered By FCC Regulations

The Federal Communication Commission's media regulations are incoherent and have no rhyme or reason, according to Liberty Media Group Chief John Malone. For example, the agency has taken a very long time considering new rules on broadband and 'Net neutrality. The FCC still maintains some limits on same-market newspaper and TV-station ownership, while cable behemoth Comcast can go purchase NBC.

The 69-year-old billionaire also railed against the U.S. tax rate and said his company has thought about moving out of Colorado. "Big companies are sitting on their cash because they are not sure what they should do, but small businesses can't get cash," he said. "The economy is stalled."

Read the whole story at New York Post »

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