CenturyLink wants Congress to update the 1992 Cable Act [telecom]

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By Sean Buckley

CenturyLink has made a plea to the U.S. House Energy and Commerce Committee to reform the 1992 Cable Act so new entrants in the video services race can more effectively negotiate prices for content.

Emerging video players like CenturyLink lack the buying power of incumbent cable operators like Comcast (NASDAQ: CMCSA), which have more clout with content owners to negotiate more favorable terms. This means that broadcasters don't have a lot of incentive to offer reasonable terms to newer players, which the telco says "effectively deprives consumers of the benefits of competition."

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