BOSTON (CBS) — The Federal Communications Commission approved net neutrality by a 3-2 vote on Thursday.

The move is considered by many to be the biggest regulatory shakeup to the communications industry in nearly two decades.

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Net neutrality is aimed at preventing so-called paid internet “fast lanes,” which would allow larger content providers to either slow or block traffic on the web.

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“It means a more level playing field and ultimately it could mean better pricing for consumers in the long run,” CBS technology analyst Larry Magid told WBZ NewsRadio 1030.

Boston Mayor Marty Walsh put out a statement Thursday afternoon praising the decision.

“We are pleased that the FCC has voted to preserve an open internet and the right to build community broadband networks,” he said. “Strong rules supporting an open internet protect broadband consumers and preserve a level playing field for our innovative technology businesses.”

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Magid says many Republicans and Libertarians are opposed, along with the larger telecommunications companies. They argue it’s a slippery slope to more government regulation.