Hastings Communications and Entertainment Law Journal


Lenders financing cable television construction and operation commonly use the cable television system itself as collateral. This article focuses on the documentation requirements and the legal impediments to realization of anticipated cash flow. Documentation includes the security agreement and the financing statement; this article also examines documentation in relation to the municipal franchise. Legal impediments include rate controls, recent developments in antitrust law and competition from alternative technological systems such as subscription television, direct broadcast satellite, multipoint distribution service, satellite master antenna television, low power television and home view networks.