Think this Whiteacre is on to something, but at the same time, the timing of his comment is totally stupid.
SBC wants federal legislation allowing TV franchises. Do you think the Congress will give it to them if they know SBC is going to restrict content by charging access fees.
If this is SBC's plan, they dhould have kept it under wraps until after the telecom deregulation legislation is passed. Now, lobbying efforts will likely be mounted by MSFT, GOOG and YHOO for imposing a condition to stop this strategy. I see it as something that will just delay the adoption of the legislation, which will hurt the RBOC's in the end.
What is Whiteacre thinking? He needs general counsel to tell him to keep his mouth shut.