The industries directly affected by the law include: over-the-air television and radio stations, cable television operators, satellite broadcasters, wireline telephone companies(local and long distance), wireless telephone companies, and others.
The general intent of the revision is summarized, among experts, as deregulation and promotion of facility-based competition. Many agree in that the Telecom Act did not fulfill those goals well. Yet there are contradictory accounts how and why it failed, what should be done.
Title V was the Communications Decency Act, the child protection portions of which were subsequently struck down, leaving the legal protection against liability for the words of others.