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NEW YORK Former Federal Communications Commission chairman Dick Wiley said that he anticipates the new FCC under expected leader Julius Genachowski would be tough on media mergers and acquisitions.
He also expressed hope that the commission wouldn’t pass stricter regulations in this area amid the recession.
“I’m hoping that the commission won’t embark on new regulatory [endeavors],” he said in a Friday conference call hosted by Credit Suisse analyst Spencer Wang. Instead, the FCC may want to put such efforts “on the sideline until economic conditions improve,” he said.
Wiley is now a partner at law firm Wiley Rein, where he and colleagues have noted how tough the business is for many in the media space these days, he said.
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