******************************************************** NOTICE ******************************************************** This document was converted from WordPerfect or Word to ASCII Text format. Content from the original version of the document such as headers, footers, footnotes, endnotes, graphics, and page numbers will not show up in this text version. All text attributes such as bold, italic, underlining, etc. from the original document will not show up in this text version. Features of the original document layout such as columns, tables, line and letter spacing, pagination, and margins will not be preserved in the text version. If you need the complete document, download the WordPerfect version or Adobe Acrobat version, if available. ***************************************************************** FOR IMMEDIATE RELEASE NEWS MEDIA CONTACT: January 14, 2000 Michelle Russo (202) 418-2358 PRESS STATEMENT OF FCC CHAIRMAN WILLIAM E. KENNARD REGARDING THE FCC'S SIXTH ANNUAL VIDEO COMPETITION REPORT The Federal Communication Commission's annual report on video competition finds that cable television remains the dominant provider of video services. Americans still need more competition and choice in multichannel video. Competition is the best way to reduce cable rates for consumers. I am encouraged by the growth of competition to cable on a number of fronts, including wireless cable, cable overbuilders, and open video service providers, among others. The satellite industry currently offers the most meaningful competition to cable. I am pleased that late last year Congress gave satellite carriers the authority to offer local broadcast stations to their customers. The FCC is aggressively implementing this new legislation, well ahead of the timetables set by Congress, because it gives consumers more choice among video providers and promotes fair competition in a market that historically has been dominated by a single provider. I have long supported this change in the law and I believe it is one of the most significant developments discussed in this year's annual competition report. -FCC-