CenturyLink Applauds New Satellite Television Rules

President Obama signed the Satellite Television Extension and Localism Act Reauthorization, known as STELAR, into law today.

“CenturyLink applauds Congress and the president for reauthorizing legislation that will increase investment, innovation, competition and consumer choice in the pay-TV market,” said CenturyLink, Inc. (NYSE: CTL) Vice President of Federal Legislative Affairs David Bartlett. “STELAR goes a long way toward making retransmission consent negotiations more fair and balanced, and creates a more competitive pay-TV market for providers and consumers alike, but more video reform is needed.”

Over the past five years, CenturyLink has begun offering video competition and programming options through the launch of its Prism™ TV service to approximately 2 million homes in a dozen markets and has invested hundreds of millions of dollars in deploying high-speed broadband services to support its digital video product.

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