Brian T. Grogan
(612)
347-0340
E-Mail: GroganB@moss-barnett.com
Web
site: www.municipalcommunicationslaw.com
To: Moss &
Barnett Clients and Interested Parties
From: Brian T.
Grogan, Esq.
Date:
1.
BANKRUPTCY IN THE CABLE TELEVISION
INDUSTRY
In the past year the telecommunications industry has experienced a rash of bankruptcy filings which did not seem possible until recently. In the wake of bankruptcy filings by WorldCom and Adelphia, franchising authorities across the country have begun asking questions about the enforceability of their franchise should their operator file for bankruptcy.
There are two main types of bankruptcy filings for businesses. One is known as a Chapter 7 liquidation in which the bankruptcy court appoints a trustee to sell off the company’s assets and liquidate the business. The proceeds from such sale are used to pay secured creditors first and unsecured creditors on a pro rata basis. Generally speaking, however, there is little cash left in a Chapter 7 liquidation to pay unsecured creditors. The more common form of bankruptcy filing in the telecommunications industry is a Chapter 11 reorganization which is designed to allow a company to reorganize and reduce debt. While the company is developing its plan of reorganization an automatic stay is implemented which protects the company from attempts by creditors to collect on unpaid debts.
On
a. Will franchise fee and PEG support payments to the city continue? If the operator wishes to maintain the franchise, franchise fees coming due after the bankruptcy filing (post petition) will most likely continue to be paid if funds are available, but the payments may be delayed. If not paid, the city can seek relief from the bankruptcy court. Generally, in bankruptcy proceedings an entity is not permitted to continue to take advantage of the benefits of an executory contract like a cable TV franchise without satisfying its obligations there under. If the operator does not make the payments voluntarily, the bankruptcy court may compel payments pursuant to the city’s “police and regulatory power,” but the court has discretion to determine the amount and timing of the payments.
b. Will the city be able to collect fines/penalties from a performance bond/security fund/letter of credit? Prior to a bankruptcy petition nothing prevents the city from enforcing the franchise in accordance with its terms. Following a bankruptcy petition an automatic stay will be imposed by the bankruptcy court and the city will in all likelihood be prohibited from imposing or collecting penalties directly from an operator under the terms of the franchise. Enforcement matters under the franchise will likely need to be heard by the bankruptcy court. Whether the city can enforce a bond or letter of credit posted by a third party without relief from the automatic stay will depend on the particular circumstances. However, the enforceability of a bond or letter of credit is far more likely than a cash security deposit because they are held by a third party and will likely not be considered property of the estate.
c. Can a city deny renewal of a franchise solely because an operator is in bankruptcy? No. Denying an operator franchise renewal simply because it is in bankruptcy would likely not be upheld by a bankruptcy court and the city would have to show some other reason for such denial. For example, the reasons for denial outlined in 47 U.S.C. § 546 remain viable grounds on which to base denial of a request for renewal.
d. What if an operator in bankruptcy begins to provide poor customer service, how can a city enforce franchise compliance? Enforcement proceedings under the city’s police and regulatory powers are not subject to the automatic stay. Whether the activity contemplated by the city is within this exception will need to be analyzed at the time. The city can likely enforce the franchise and issue default notices but cannot impose monetary penalties against the operator or draw from a cash security fund.
e. What if an operator in bankruptcy chooses to stop all of its capital expenditures particularly system upgrades which may be required under a franchise. It certainly would not be unusual for an operator to curtail capital expenditures after filing for bankruptcy protection. The bankruptcy court may need to decide whether any capital expenses required by a franchise must be made during the time the operator is in the period of bankruptcy administration. Those communities that do not have franchise requirements for a system upgrade and where the system has not already been upgraded will likely find any upgrade plans delayed during the pendency of the bankruptcy proceedings. However, enforcement of existing franchise obligations remains feasible, albeit without the benefit of monetary penalties to compel compliance.
2.
FCC ISSUES NINTH REPORT ON
COMPETITION
On
Satellite delivered programming also increased in 2002 with
308 channels now available up from 287 in 2001.
Of the 1,300 commercial television stations in the
The concentration and consolidation of subscribers among the
top cable operators continues. The four
largest MVPDs now control 50.5% of all subscribers in the country while the top
10 MVPDs control 84.4% of subscribers.
52.3 million subscribers are served by 107 large regional clusters which
serve 100,000 or more subscribers each.
There are now 32 regional clusters in the
3. TRANSFER APPROVAL MAY BE WON OR LOST DURING RENEWAL
On
As a result of the
The reaction of the cable industry to the
In addition, LFAs should be leery of imposing any burdensome procedural requirements on their review. Many cable operators seek to limit municipal review to “legal, technical and financial” qualifications despite the fact that there is no such statutory limitation on the issues which an LFA may consider at the time of a transfer review. Further, LFAs should not include any limitation on the applicable timeframe for review. Cable operators argue that the federal one hundred twenty (120) day time limit is applicable and this should be set forth in the local franchise. However, this one hundred twenty (120) day time limit may not be final depending upon the cable operator’s responsiveness to information requests which may be submitted by the LFA. See 47 C.F.R. § 76.502 and 47 U.S.C. § 537.
4. STILL NO DECISION FROM FCC IN CABLE MODEM PROCEEDING
All comments and reply comments have long
since been submitted to the FCC in its proceeding regarding the appropriate
regulatory treatment for high-speed data delivered over cable modems. In the spring of 2002, the FCC issued a
Declaratory Ruling that cable modem service is a “interstate information
service” as opposed to a “cable service.”
As a result of that decision cable operators immediately ceased paying
franchise fees on high-speed cable service revenues and altered their franchise
renewal negotiations to attempt to draft out any regulatory oversight of cable
modem service.
The Declaratory Ruling was appealed by a
number of parties and is before the 9th Circuit Court of
Appeals. The FCC also issued a
Rulemaking Proceeding seeking comments on the Declaratory Ruling and a number
of ancillary issues. So far, no decision from the FCC has been rendered.
Last week, however, the FCC issued a decision
which frees the
The net result for
franchising authorities is that the FCC does not appear inclined to provide any
further local regulation of high-speed Internet access over a cable modem. Thus the 9th Circuit Court of
Appeals in
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Brian T. Grogan is a shareholder
with the
Brian Grogan at Moss & Barnett, 4800
Wells Fargo Center, 90 South Seventh Street, Minneapolis, MN 55402, phone: (612)
347-0340 or via email at groganb@moss-barnett.com.
Web site:
Please visit www.municipalcommunicationslaw.com
for additional updates on communications law issues of interest to
municipalities.
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updated contact information, please notify:
Terri Hammer, Moss &
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4800
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The materials in this Communications Law Update have been
complied from a variety of sources and address only a portion of the relevant
issues contained within hundreds of pages of regulations and decisions. We have not addressed many important points
that may apply to your situation. You
should consult with legal counsel before taking any action on matters covered
by this Communications Law Update.