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AP

The FCC on Thursday proposed eliminating some of the regulatory requirements for phone companies that support the few remaining pay phones.

Why it matters: It's another sign of the rapid decline of pre-cellphone era technology. You know the numbers of pay phones are seriously dwindling when the telecom regulator no longer feels the need to track transactions for them. The number of U.S. pay phones has declined to fewer than 100,000 from 2 million in 1997.

Expand chart

Data: FCC; Chart: Andrew Witherspoon / Axios

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.

What's next: FCC Chairman Ajit Pai wants to waive the pay phone audit requirements for 2017 while the agency considers whether to eliminate them altogether.

Fun fact: The first pay phone was installed in New Haven, Conn., in June 1880, per the AT&T blog.

Go deeper

The rebellion against Silicon Valley (the place)

Photo illustration: Sarah Grillo/Axios. Smith Collection/Gado via Getty Images

Silicon Valley may be a "state of mind," but it's also very much a real enclave in Northern California. Now, a growing faction of the tech industry is boycotting it.

Why it matters: The Bay Area is facing for the first time the prospect of losing its crown as the top destination for tech workers and startups — which could have an economic impact on the region and force it to reckon with its local issues.

Erica Pandey, author of @Work
1 hour ago - Economy & Business

Telework's tax mess

Illustration: Annelise Capossela/Axios

As teleworkers flit from city to city, they're creating a huge tax mess.

Why it matters: Our tax laws aren't built for telecommuting, and this new way of working could have dire implications for city and state budgets.

Wanted: New media bosses, everywhere

Illustration: Sarah Grillo/Axios

The Washington Post, Los Angeles Times, Reuters, HuffPost and Wired are all looking for new editors. Soon, The New York Times will be too.

Why it matters: The new hires will reflect a new generation — one that's addicted to technology, demands accountability and expects diversity to be a priority.