Federal Communications Commission chairman Michael Powell isn't buying the
line that cable rates are skyrocketing out of control.
'What you have got to look at is what the value proposition is for
consumers,' he said in a live interview Tuesday night on CNBC.
Consumer groups beef that cable rates have risen at three times the rate of
inflation since 1996, calling that evidence of price gouging by monopolists.
Powell told CNBC rates have gone up, but so has the number of channels
available to subscribers.
'If you look the average number of cable channels that are available, the
wide variety of choices in that medium to consumers -- yes, I would concede that
prices have gone up, but I think that arguably, so has value,' he