Breaking News: Politics Surrounding the Abandonment of Low-Income Internet Subsidy by Broadband Companies
In a surprising shift, the broadband industry, including major firms such as Charter Communications Inc., Verizon Communications Inc., and Comcast Corp., has quietly backed away from efforts to advocate for the revival of the low-income internet subsidy. This subsidy, critical for many struggling households, saw Charter receiving approximately $910 million from the Affordable Connectivity Program, while Verizon and Comcast benefited with over $200 million each. The abandonment of this political fight raises significant concerns about internet access amidst increasing media scrutiny of business news related to elections and government support in the current climate.
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