Statement by Commissioner James H. Quello In re Bell Atlantic/TCI February 24, 1994 The FCC is not the evil umpire -- the latest rate reductions were temperate -- we lowered the rates 7% for consumers and provided cable a reasonable rate of return for investment and expansion. Also, there are many local franchise requirements for cable transactions beyond federal regulation. I believe the cancellation more likely reflects astute John Malone's continued confidence in the strong economic viability of cable rather than in any regulatory overkill. ###