Simon Cunningham/Lending Memo

The Federal Communications Commission has demanded—and received—the paid peering agreements Netflix signed with Comcast and Verizon, FCC Chairman Tom Wheeler announced today.
While Wheeler said the commission has “broad authority,” he didn’t promise to take any action beyond gathering information. “To be clear, what we are doing right now is collecting information, not regulating,” he said. According to Comcast, the FCC has actually had the Comcast-Netflix agreement for months, but it had not previously revealed that fact.
Wheeler said he wants to make sure consumers get the Internet service they pay for—something that has not been happening for many Netflix users.
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