After a brief period of Democratic dominance, McCain returned to become chairman of the committee in 2003 and 2004. During that period, he took crucial legislative action that saved Paxson Communications from a bill that would have, in the words of CEO Lowell “Bud” Paxson, finally ruined his company.
Even more ironically, McCain took this action for Paxson in spite of his long-standing position that television broadcasters had inappropriately used the transition to digital television (DTV) to benefit themselves financially at the expense of the American public.
McCain initially supported legislation that would have forced Paxson and handful of broadcasters – but not the great bulk of television stations – off the air by December 31, 2006. Bud Paxson himself personally testified about this bill with “fear and trepidation” at a hearing on September 8, 2004.
Two weeks later, McCain had reversed himself. He now supported legislation that would grant two-year reprieve for Paxson – and instead force all broadcasters to stop transmitting analog television by December 31, 2008. Paxson and his lobbyists, including Iseman, were working at this time for just such a change.
