Ownership

When Jeff Bezos founded Amazon.com Inc more than two decades ago, he sought to keep the online bookstore away from the government’s reach. He has said he looked into placing its headquarters on an Indian reservation as a tax-saving strategy. That was then. Today, Amazon, whose revenues in 2017 topped $177 billion, has become deeply entwined with the federal government. Bezos has built one of the largest lobbying operations in Washington, bigger than those of powerhouses such as Exxon Mobile and Walmart.

As many of you know, on June 12 Judge Richard Leon of the US District Court for the District of Columbia ruled against the US government and in favor of AT&T’s application to merge with Time Warner, without the imposition of any conditions. From the viewpoint of many, both the Federal Communications Commission and Department of Justice have been stuck in administrative molasses, seeking to apply sectoral market analysis, preserve questionable bright line tests, and continue the imposition of rigid restrictions as part of transactional reviews the same way now as in 2008, 1988, or 1958.

The Supreme Court will decide whether iPhone users can sue Apple for locking down the iOS ecosystem, something the suit’s plaintiffs say is creating an anti-competitive monopoly. Apple v. Pepper could theoretically affect how tech companies can build walled gardens around their products. The Supreme Court isn’t going to make a call on that specific issue, but its decision could affect people’s relationship with all kinds of digital platforms. Here’s what’s at stake when the Supreme Court case starts, which should happen sometime in the next year. 

The Walt Disney Company sharply increased its offer for 21st Century Fox June 20, as it looks to win a bidding war with Comcast for Rupert Murdoch’s entertainment conglomerate. In a quickly issued statement agreeing to the sweetened deal, 21st Century Fox said that the revamped offer from Disney, now valued at $71.3 billion, was “superior to the proposal” made by Comcast last week. The bid by Disney is 35 percent higher than its earlier offer and about $6 billion more than Comcast’s. Disney’s chief executive, Robert A.

While the result of AT&T/Time Warner is disappointing, there’s light at the end of the dark tunnel that was the week of June 11. First, the Department of Justice may yet appeal and win the AT&T case, and we hope it does. Even without that, one bad result will not deter the professionals in the DOJ Antitrust Division.

If regulators approve their merger proposal, Sprint and T-Mobile promise to offer in-home internet services to roughly 9.5 million American households by 2024, or about 13% of the country. The company said that figure would give it a market penetration of around 7%, making it the nation’s fourth largest in-home ISP based on current subscriber counts.

T-Mobile and Sprint have filed with the Federal Communications Commission for approval of their proposed merger, and promised in their public interest statement that the deal would create more jobs, more choice in video and business service, and world-class 5G service, while lowering consumer prices and helping close the rural high-speed divide. They said the goal is to beat AT&T and Verizon, not emulate them. They pointed to Verizon and AT&T getting into other businesses, saying that is not their strategy. 

Facebook, Google, and Amazon all have business models that require them to scoop up large amounts of data about people to power their algorithms, and they derive their power from this information. Like the oil barons at the turn of the 20th century, the data barons are determined to extract as much as possible of a resource that’s central to the economy of their time. The more information they can get to feed the algorithms that power their ad-targeting machines and product-recommendation engines, the better. Their dominance is allowing them to play a dangerous and outsize role in our polit

AT&T's acquisition of Time Warner will create a media conglomerate that combines premium content with a vast distribution network to deliver it to consumers. One of its first experiments in marrying the two will be a "skinny bundle" called AT&T Watch, providing Time Warner content (minus sports) to mobile customers.

Several major acquisitions have helped Google and Facebook on their way to unprecedented dominance over the advertising supply chain, antitrust analysts argued at the Open Markets Institute forum. There are six acquisitions that experts cited as missed opportunities by regulators at the Justice Department and the Federal Trade Commission to curb the advertising market dominance of Google and Facebook.