In a message dated 10/5/99 2:39:20 PM Central Daylight Time, [EMAIL PROTECTED] writes: << Subj: MCI-Sprint Merger Date: 10/5/99 2:39:20 PM Central Daylight Time From: [EMAIL PROTECTED] ([EMAIL PROTECTED]) To: [EMAIL PROTECTED] Institute for Public Accuracy 915 National Press Building, Washington, D.C. 20045 (202) 347-0020 * http://www.accuracy.org * [EMAIL PROTECTED] ___________________________________________________ PM Tuesday, October 5, 1999 MCI-SPRINT MERGER JAMES LOVE, [EMAIL PROTECTED], http://www.cptech.org Director of the Consumer Project on Technology, Love said: "The merger is an attempt to avoid competition. Sprint plays an important role in servicing resellers in the long distance market, smaller companies that buy bandwidth from the big three. For twenty years, you've had these three major players. Prices have gone down because there has been competition in the long distance market. This merger is good for the shareholders of the long distance industry, but bad for consumers because it will reduce competition." DEBBIE GOLDMAN, [EMAIL PROTECTED], http://www.cwa-union.org Research economist with the Communication Workers of America, Goldman said: "When the FCC approved the MCI and WorldCom merger last year, Chairman William Kennard stated that the industry was 'just a merger away from undue concentration.' This would be that merger. MCI WorldCom proposes to buy up one of its two main competitors in long distance and grab control of 37 percent of the market (based on long distance revenue), just behind AT&T with 43 percent. There would be no other significant competitor in long distance, with all others having no more than 2 percent market share. Such concentration far surpasses the Justice Department's permitted market concentration levels, and it fails any common sense test for what would be considered healthy competition." ROBERT McCHESNEY, [EMAIL PROTECTED] Professor at the Institute of Communications Research at the University of Illinois and author of "Rich Media, Poor Democracy: Communication Politics in Dubious Times," McChesney said: "This merger is the result of the bankruptcy of U.S. telecommunications policy that claims its allegiance to competition, but through deregulation has opened the floodgates to the greatest wave of corporate concentration in a century. We have a telecommunications system set up to serve Wall Street and corporate America first and foremost -- and then the balance of the population in descending order, depending upon their income." MARY ZEPERNICK, [EMAIL PROTECTED], http://www.poclad.org Co-administrator of the Program on Corporations, Law and Democracy, Zepernick said: "The deeper question is, how did corporations achieve the power and wealth and authority to get that big, and so dominate our culture and our government? Corporations have usurped our sovereign authority to govern ourselves; it is an assault on democracy. Corporations should be subordinate to us, and clearly they're not." For more information, contact at the Institute for Public Accuracy: Sam Husseini, (202) 347-0020 or David Zupan, (541) 484-9167 ----------------------- Headers -------------------------------- Return-Path: <[EMAIL PROTECTED]> Received: from rly-zd01.mx.aol.com (rly-zd01.mail.aol.com [172.31.33.225]) by air-zd01.mail.aol.com (vx) with ESMTP; Tue, 05 Oct 1999 15:39:20 2000 Received: from igcb.igc.org (igcb.igc.org [192.82.108.46]) by rly-zd01.mx.aol.com (v61.13) with ESMTP; Tue, 05 Oct 1999 15:39:01 -0400 Received: from igce.igc.org (igce.igc.org [192.82.108.49]) by igcb.igc.org (8.9.2/8.9.2) with ESMTP id MAA10478; Tue, 5 Oct 1999 12:37:16 -0700 (PDT) Received: from ipa-2 (sf-005.sfo.com [206.14.28.5]) by igce.igc.org (8.9.3/8.9.3) with SMTP id MAA24342; Tue, 5 Oct 1999 12:21:34 -0700 (PDT) Message-Id: <[EMAIL PROTECTED]> X-Sender: [EMAIL PROTECTED]@192.82.108.45 X-Mailer: QUALCOMM Windows Eudora Pro Version 4.1 Date: Tue, 05 Oct 1999 12:22:45 -0700 To: [EMAIL PROTECTED] From: "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> Subject: MCI-Sprint Merger Mime-Version: 1.0 Content-Type: text/plain; charset="us-ascii" >>
Institute for Public Accuracy 915 National Press Building, Washington, D.C. 20045 (202) 347-0020 * http://www.accuracy.org * [EMAIL PROTECTED] ___________________________________________________ PM Tuesday, October 5, 1999 MCI-SPRINT MERGER JAMES LOVE, [EMAIL PROTECTED], http://www.cptech.org Director of the Consumer Project on Technology, Love said: "The merger is an attempt to avoid competition. Sprint plays an important role in servicing resellers in the long distance market, smaller companies that buy bandwidth from the big three. For twenty years, you've had these three major players. Prices have gone down because there has been competition in the long distance market. This merger is good for the shareholders of the long distance industry, but bad for consumers because it will reduce competition." DEBBIE GOLDMAN, [EMAIL PROTECTED], http://www.cwa-union.org Research economist with the Communication Workers of America, Goldman said: "When the FCC approved the MCI and WorldCom merger last year, Chairman William Kennard stated that the industry was 'just a merger away from undue concentration.' This would be that merger. MCI WorldCom proposes to buy up one of its two main competitors in long distance and grab control of 37 percent of the market (based on long distance revenue), just behind AT&T with 43 percent. There would be no other significant competitor in long distance, with all others having no more than 2 percent market share. Such concentration far surpasses the Justice Department's permitted market concentration levels, and it fails any common sense test for what would be considered healthy competition." ROBERT McCHESNEY, [EMAIL PROTECTED] Professor at the Institute of Communications Research at the University of Illinois and author of "Rich Media, Poor Democracy: Communication Politics in Dubious Times," McChesney said: "This merger is the result of the bankruptcy of U.S. telecommunications policy that claims its allegiance to competition, but through deregulation has opened the floodgates to the greatest wave of corporate concentration in a century. We have a telecommunications system set up to serve Wall Street and corporate America first and foremost -- and then the balance of the population in descending order, depending upon their income." MARY ZEPERNICK, [EMAIL PROTECTED], http://www.poclad.org Co-administrator of the Program on Corporations, Law and Democracy, Zepernick said: "The deeper question is, how did corporations achieve the power and wealth and authority to get that big, and so dominate our culture and our government? Corporations have usurped our sovereign authority to govern ourselves; it is an assault on democracy. Corporations should be subordinate to us, and clearly they're not." For more information, contact at the Institute for Public Accuracy: Sam Husseini, (202) 347-0020 or David Zupan, (541) 484-9167
