REGULATORY COSTS, PART DEUX: Axios’ Kim Hart reporting that payphones (remember them?) are so few and far between that the cost of regulation outweighs revenue:

“Cincinnati Bell asked the FCC last month for a waiver to exempt it from filing the annual audits tracking pay phone transactions. According to FCC filings, the cost of Cincinnati Bell’s audit is now about five times the amount of revenue it makes from its pay phones. Sprint also asked for a waiver.”

Most bureaucracies (particularly the FCC) are loathe to waive jurisdiction or oversight, but let’s see what happens.