« iepriekšējāTurpināt »
Comanor, William S. and Mitchell, Bridger M., "Cable
Television and the impact of Regulation," The Bell
Comanor, William S. and Mitchell, Bridger M.. "The Lost
Generation: A Correction,“ Bell Journal of Economics
Comanor, William S. and Mitchell, Bridger M., "The Costs
of Planning: The FCC and Cable Television," Journal of Law and Economics. Vol XV (1), April, 1972, pp. 177-206.
Foundation 70, "Cable in Embryo: Economic Considerations for
Urban Franchising." Wellesley, Mass., processed.
Halle and Stieglitz, Inc., "The Cable Television Industry."
Johnson, Leland L., et al. "Cable Communications in the
Day on Miami Valley: Basic Report," Rand Report
Mitchell, Bridger M., "An Economic Analysis of the Ability
of CATV Systems in Top 100 Markets to Pay Copyright Royalities, “ Washington, D.C., processed May 15, 1972.
Park, Rolla Edward, "Prospects for Cable in the 100 Largest
Television Markets," Bell Journal of Economics and Man-
Park, Rolla Edward, "The Exclusivity Provisions of the
Federal Communications Comun i ssion's Cable Television
Seiden, M.H. and Associates, CATV Report, 1970.
Sloan Coma ission on Cable Communications, or the cati
The_Television of Abundance, McGraw Hill. See York,
Weinberg. Gary. "Cost Analysis of CATV Components: Final
Report," RMC Report UR-170. June 1972, prepared for
Federal Communications Commission, "Cable Television Ser
vice: Cable Television Relay Service, * Pedere it'ef. vol. 37, No. 3 , Part II, (Feb. 12, 1972, pp. 125.. 3341.
Federal Communications Commission, "Cable Television Ser*
vice: Reconsideration of Report and order," Federa: Register. Vol 37, No. 136. Part 11 ( July 14. 12. PP. 13848-13910
Television Digest, Inc., CATV and $3 ion Coverage Aar.
1971-1972, washington, D.C..
Television Digest, Inc.. Television Factbooks Service
Volume, Washington, D.C.
the previously proposed 5% "public dividend" tax ter support of non-commercial broadcasting has been
Several cost items in the Comanor Mitchell brort have been modified for this study, cither to take a of the FCC rules as finally adopted or as a resuit availability of more recent information. A brief snar) of those costs which were modified for a: 1 systems investigated in this report is presented bei:
10 m bscribers growth over time. Park's recent resears or cable penetration completed after the pub.cation of the Comanor-Mitchell Report, indicates à ant rapid saturation of cable growth than was preTuy ass szed. While the precise growth path has not been definitively established, for this study we bave xreased the rate of subscriber growth so that the typical system reaches its mature size in the fifth year. Thereafter, some additional growth occurs as real ..nes of potential subscribers are assumed to rise * & cate of 2% per year.
1. Local Franchise Tax. 5% of gross revenues anuais).
PCC Fee annually.
$ 35 initial fee plus $0.JC per subscriber
3. Channel switchers. One switcher included in cap.ta.
equipsent costs for each imported signal.
As compared with Comanor-Mitchell, the effect of these
afications is to increase the size of typical systems
Pole rens. All results reported here incluse pole rent of $25€ per aerial male in top 10C markets, $175 in other markets.
study systems gain subscribers more rapidly in early years: the side of a study system is measured in its fifth Year, rather than its size after twelve to fifteen
Local Olgination. We assume the creanor-Mime ::
tani Yes, with capital costs & S. *** annual operatat exjerses of $43 we ard for sa..ef systems a in
t en, with capitai costs. $11,1.( and operating expense, or $2 per year it live origination. All syteas are assed tc pt.3 a time-and-weather channel.
Public service channess. The final FCC ruies remune CAR Systems to provide ) non-bral'ast s nel. 86 non-Costnercial public assess, e sateradies., 2.23 government access respectively. The pubia se.. channel is to be provides without arte, ...te other two channels Vill be free for five years. Costs or meeting these pris. of.. are taket. ti be additional 75% of the capital costs assed fci & origination, plus $4075 per year for part-time to nician salaries.
Pigure Al provides a graphical comparison of the growth curve used for this study and the earlier Comanor
Kitche Stady. de sano: -Mitchell Report, financial (internal) ***** tears are calculated for a firm of indefinite life 12. that the fin reaches an equilibrium of revenues
a!ter one 15-year lifetime, or generation, of equipTorta Fereaster, the plant is rebuilt periodically, while BEST.: penetration is held constant at the mature level.
* retarn is generally robust with respect to exact tai p. about conditions in later generations. Another
20. this terminal value problem is to assign the firm 11. # the end of its first generation, based on operating
****.tics such as revenues, subscribers, etc. For an ARE this sethod see L. L. Johnson, "Cable Communications
*** Parts Nani valley: Basic Report."
7. The previously propred public dividendo tax
for support of non-commercial broadcasting has been
K** 1. I X2 V OVEL SAD. Park's recent
As compared with comanor Mitrhell, the effect of these
year, fatter than to ze after twelve to fifteen years.
Figure Al provides a graphial cumarinun of the growth curve used for this study and the earlier Cimanor Mite! 1 otty.
As in the crearrtre 11 Report, financial finternal) rates nt return, are calcia.ed for a firent inte finite life try as in the 1.1 rahe. an eiiabria reverse. andct. after one 15-year lifetime, u yenera! , o po test. Therealtor, the piant , retriit per uw & y. Wie # criber penetration i. hold constant at the mat-se level.
e rate of return i. generally robust with react to exact a...mpe ions about conditions in later generations. Anther
ition to this terminal value pr blom is to ass in the form .value at the end of it. Piret gereration, based up aserati ratoriotis
26 reve wes. Satorers, etc. Pof an orang le of this methods. L. 1. 3. ** *.*. *cabie C hede at in la u Dayu Mama Vainyi Ba.ie komt."