A New World for California's TV, Internet, Phone Customers

The phone companies want a piece of the television business, and they're paying big money to get it. AT&T; and Verizon want to provide cable TV over their broadband fiber-optic phone lines without negotiating contracts with local cities the way cable companies do. After heavy lobbying and a lot of campaign contributions, the Assembly gave the phone companies what they wanted--unanimously. Today, the battle went to a Senate Committee. Would competition mean better service at lower prices or something else? Would a deal made in the Senate today mean a body blow to local government? We hear from journalists, business, taxpayers and the telecommunications industry.