Cable television is big business, and with it comes big losses. Cable-signal theft costs the industry an estimated $6 billion a year. A pair of lawyers at the Pennsylvania firm of Wisler Pearlstine who successfully sued sellers of piracy devices are once again cracking down on signal thieves. This time, they're drafting legislation which would amend the state's Unlawful Telecommunications Devices Act. The proposed statute would set the stiffest penalties against cable signal theft in the nation.
April 07, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
When Comcast Cable founder Ralph Roberts needed assistance securing financing for his start-up venture in 1963, he turned to attorney Ray Pearlstine, a founding partner of Blue Bell, Pennsylvania’s Wisler Pearlstine Talone Craig Garrity & Potash.
At that time, banks were reluctant to fund cable operators who could not offer their biggest asset — the signal they would transmit — as collateral.
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