Suggesting future lines of inquiry for policymakers and others, this report attempts to distill the essential points of discussion and debate that occurred during a conference on electronic media regulation and the first amendment attended by 21 experts representing legislative, regulatory, business, judicial, academic, audience, and media interests. Sections of the report discuss: coping with the "paradigm" shift in communications; the old paradigms and how they work; broadcasting and scarcity: the Geller critique; reactions to Geller and alternative paradigms; the hybrid first amendment rights of cable television; is common carriage incompatible with the first amendment?; proposed theories of the first amendment in the era of electronic media; reactions to the 10 theories of the first amendment; and the question whether a single theory of the first amendment can embrace both print and electronic media? A partial list of referenced cases, a list of conference participants, and the Program on Communications and Society policy statement are attached. (RS)