The FCC has called off negotiations with major Internet industry players to arrive at a compromise for net neutrality. The meetings were an attempt to come to an amicable agreement over net neutrality rules and dodge political pressure over FCC jurisdiction and authority--but asking the fox how to protect the henhouse is generally unwise.
Reports of a secret deal between Verizon and Google for preferential treatment of Google traffic on Verizon's networks may have been a catalyst to the breakdown of negotiations. But, whether that is true or not, the end of the negotiations is great for the future of the Internet. The FCC is supposed to provide guidance and oversight of these Internet industry stakeholders--not the other way around.