If Hollywood was seeking a fin-syn champion in new FCC chairman Reed Hundt, it may be sadly disappointed.
Hundt, at his first meeting Monday since taking the Federal Communications Commission reins last month, went out of his way to publicly praise former interim chairman James Quello for helping to eliminate the fin-syn rules during his tenure.
Hundt called the nixing of fin-syn a “pro-competitive action.”
Hundt did not elaborate, but FCC watchers viewed the comment as an unmistakable message that the new agency honcho has no desire to revisit the controversial issue.
In April, the FCC set in motion plans to eliminate the longstanding fin-syn rules that have prevented the Big Three networks from unfettered entry into the TV program ownership and syndication market.