Comcast moved quickly to counter 21st Century Fox’s latest bid for Sky, raising its offer to $34 billion on the same day that Fox upped its buyout bid for the European satellite TV provider. Comcast said its higher bid has been recommended by Sky’s committee of independent directors evaluating the swirl of bidding for the satcaster. Earlier July 11, the same committee recommended Fox’s higher bid but reversed course after receiving the outline of Comcast’s higher offer.
The Justice Department is urging a federal judge to block AT&T-Time Warner’s proposed merger or require a significant sale of assets, rather than impose “behavioral” conditions on the deal like an agreement to arbitrate disputes with distribution rivals. In its post-trial brief, the government says that US District Judge Richard Leon could allow the merger on the condition that it not include Time Warner-unit Turner networks, or that AT&T sell off DirecTV.
Most reporters share a sense that covering President Donald Trump is a challenge like no other, at a time when political journalists and the First Amendment are under siege. With the easy accessibility of social media, some political reporters find themselves getting death threats.
The biggest risk to Facebook — and the digital-ad business overall — would be a wide-ranging privacy-protection law on the order of the 2010 Dodd-Frank Act in the banking sector. That established the Consumer Financial Protection Bureau, designed to keep predatory lenders in check, along with a host of new regulations.
A top executive at Comcast testified at the AT&T-Time Warner antitrust trial that he has “no reason” to believe that the massive merger will have an impact on their company’s negotiations for Turner channels or HBO. A key argument in the Justice Department’s case is that the merger will give AT&T-Time Warner increased leverage to demand more onerous fees from distribution rivals, ultimately driving up prices for consumers.
China is to abolish the State Administration of Press, Publication, Radio, Film and Television (SAPPRFT) and is expected to set up a new media body answerable to the Cabinet, further tightening the Communist government’s control of media and entertainment. SAPPRFT, the regulatory body which currently oversees the media and entertainment sector, would be replaced by a new state radio and television administration attached to the State Council, or Cabinet. The proposal is being put to China’s ongoing national legislative session for deliberation.