Ownership

Chinese internet giants like Tencent, Baidu and Alibaba are ramping up investments in US tech and media companies. They're also building data servers and acquiring ad tech businesses in the US that can help them monetize media engagement from citizens living in America, like students or tourists. There's a misconception that the Chinese push into the Western media tech market is to target new American users or to compete directly with US tech companies.

Sinclair Broadcast Group's proposed $3.9 billion acquisition of Tribune Media would give the conservative-leaning company control of an additional TV station in Des Moines (IA) — one of the most important presidential primary media markets in the country. Sinclair's possible acquisition of an NBC affiliate in Des Moines underscores Democrats' worries about the deal giving a right-leaning company significantly more control over local news. The Sinclair-Tribune deal is expected to be approved by regulators this quarter.

Frequent news of corporate mergers has generated an increased interest in antitrust issues in recent years. This paper examines the history of antitrust legislation in the U.S., discusses the longstanding debate around its purpose, and offers data to demonstrate that, in recent years, it has failed to stem the tide of corporate concentration or decreased competition—with serious consequences. The authors conclude by recommending four reforms to antitrust enforcement that should enjoy consensus.

This is the year, friends.  The year when the battle for an Open Internet pits the three self-proclaimed wise men of the Federal Communications Commission against an overwhelming majority of the American people.  Every index I have seen—be it popular poll, volume of pleas to Congress, or expressions of anger toward the FCC—makes it crystal clear that we the people want an open internet and an end to ever-increasing monopoly control of our telecom and media markets.  Most Americans would agree with the great Justice Louis Brandeis: “We may have democracy, or we may have wealth concentrated i

The engineer who was fired by Google after he criticized its diversity policies is suing the internet giant, alleging that he and others at Google were harassed over their conservative political views. 

[Commentary] Platforms help people self-segregate into like-minded filter bubbles, reducing the risk of exposure to challenging ideas. It took Brexit for me to begin to see the danger of this dynamic...I realized that the problems I had been seeing couldn’t be solved simply by, say, Facebook hiring staff to monitor the content on the site. The problems were inherent in the attention-based, algorithm-driven business model. And what I suspected was Russia’s meddling in 2016 was only a prelude to what we’d see in 2018 and beyond.

Technology companies with unprecedented power to sway consumers and move markets have done the unthinkable: They’ve made trust-busting sound like a good idea again. The concentration of wealth and influence among tech giants has been building for years—90 percent of new online-ad dollars went to either Google or Facebook in 2016; Amazon is by far the largest online retailer, the third-largest streaming media company, and largest cloud-computing provider.

Apparently, Comcast fired about 500 salespeople shortly before Christmas, despite claiming that the company would create thousands of new jobs in exchange for a big tax cut. Comcast apparently tried to keep the firings secret while it lobbied for the tax cut that was eventually passed into law by the Republican-controlled Congress and signed by President Donald Trump in late December. The Philadelphia Inquirer revealed the Comcast firings this week in an article based on information from an anonymous former employee, Comcast documents, and other sources in the company.

While some might think that the business of deregulation is easy, that usually is not the case, as comments on the Federal Communications Commission’s proposals to modify the public notice requirements for broadcast applications make clear. In a Notice of Proposed Rulemaking, as part of its initiative on the Modernization of Media Regulation, the FCC looked to modify the rules governing public notice that broadcasters must give when they file certain types of broadcast applications – particularly license renewals and applications for the assignment or transfer of broadcast stations.

Despite tying a projected five-year capital expenditure figure of $50 billion to the Federal Communications Commission’s recent decision to roll back its net neutrality mandates, an analysis of Comcast’s capital expenditures (capex) reveals that the top US cable operator was on track to spend about that much even before the agency voted to deregulate.