[The Republican victory last week probably did not alter the outlook much for either side.] The giants in the industry are matched up against the giants in the telecom community, ... It's a fair fight.

I have to give Hundt credit for recognizing the changed competitive landscape since 1997. Long-distance has largely been cannibalized by the rise of rigorous wireless competition and flat-rate nationwide calling plans. The Internet is everywhere, which means IP-enabled calling is a new threat to the old players. And the old Bell copper empire has now become a copper cage they are fighting their way out of.

I don't think this is corporate greed. This is the beginning of a new business model for the Internet.

This new regulatory regime for cable could potentially have devastating impacts for our proverbial 500-channel universe of diverse cable offerings. It very well could be the case that government regulation here could destroy that diversity and drive out some of the smaller niche channels out there, which would find a difficult time surviving on their own in a la carte world.

The giants in the industry are matched up against the giants in the telecom community. It's a fair fight.

What they want to censor, what they want to regulate are the most popular television shows. We're mistaking the will of the PTC for the will of the public. ... It really is a form of censorship.