Sinclair Lays Out Plans To Divest Stations To Win FCC Approval Of Tribune Acquisition
Sinclair Broadcasting Group laid out its plans to divest television stations in New York, Chicago, San Diego and other markets in an effort to win FCC approval for its planned $3.9 billion acquisition of Tribune Media.
In a filing today with the FCC, Sinclair said it would sell WGN-TV in Chicago, WPIX-TV in New York… Read
L.A. Entertainment Employment Soars In New Media And Digital Management
Employment for a jobs category that includes promoters, agents and managers has spurred major employment growth in the Los Angeles entertainment industry, according to a new report.
The Center for a Competitive Workforce issued the report on Friday. It claimed entertainment industry employment grew 19.6% from 2007 to 2016, far outstripping the four percent growth across all industries during the same period.
The Center for a Competitive Workforce is a partnership between… Read
AT&T Chief On Time Warner: “We Remain Very Confident” In Deal Close
AT&T CEO Randall Stephenson devoted precious few minutes of the company’s hour-long conference call with analysts to the pending legal battle with the government over the Time Warner acquisition.
He noted the trial date of March 19 and reiterated the company’s upbeat view of its chances. “We remain very confident we will complete this merger,” he said.
With the Time Warner drama put to the side and not explored in any of the analysts’ questions, the call about the company… Read
Chelsea Handler: How Trump, Weinstein, #MeToo Changed Gender Politics On Anniversary Of Sundance Women’s March – Guest Column
Last year, Chelsea Handler was literally and figuratively on the front lines of the March on Main that dominated the first weekend of the Sundance Film Festival, as millions of Americans nationwide took to the streets for Women's Marches protesting Donald Trump's accession to the Presidency and in support of a variety of causes. Handler will not be in Park City for tomorrow’s Respect Rally, but the longtime talk-show host, who announced in October she was stepping back… Read
‘Fire And Fury’ Publisher Calls White House Demands “Flagrantly Unconstitutional”
Fire and Fury author Michael Wolff’s publisher today called any attempt to interfere with publication of the incendiary tell-all “flagrantly unconstitutional.” Backed by his lawyer’s unqualified rebuff of the White House demand that Henry Holt and Company terminate publication of the book, which has been flying out of bookstores and across the Internet since late last week, Macmillan Publishers CEO John Sargent told employees, “We will not allow any president to achieve… Read
UK Culture Secretary Karen Bradley Leaves Post; Move Could Delay Fox’s $15.6B Takeover Of Sky
UPDATED with replacement: 21st Century Fox's $15.6 billion takeover of British pay-TV operator Sky could face a further bump in the road after UK Culture Secretary Karen Bradley – one of the key figures standing in the way of the deal – left her post.
Bradley, a key confidant of British Prime Minister Theresa May, has been named as Northern Ireland Secretary as part of a government reshuffle. She has been Secretary of State for Digital, Culture, Media and Sport since July… Read
Congressional Democrats Call For Disney-Fox Hearings Amid Antitrust Concerns
As analysts and legal experts mull how the Trump administration’s Department of Justice might treat Disney’s planned acquisition of 21st Century Fox’s entertainment assets, a leading Democrat on the Senate’s antitrust oversight committee is calling for hearings on the proposed merger.
Sen. Amy Klobuchar (D-MN), the ranking Democrat on the Senate subcommittee, requested a hearing on the proposed mega-deal, echoing concerns voiced by advocates who worry the $66 billion deal… Read
FCC Repeals Net Neutrality Rules In Party-Line Vote
UPDATED with FCC’s full Restoring Internet Freedom Offer (read it here): The FCC has just voted to repeal its net neutrality rules put into place by the Obama Administration. The vote, as expected, was 3-2 along party lines. The move effectively trashed the rules that require Internet providers like Comcast or AT&T to treat all web traffic equally.
The agency unwound a decision to regulate Internet access like a utility, and laid down rules prohibiting Internet providers… Read
Internet Whipped Into Frenzy Over FCC’s Proposal To Wipe Out Net Neutrality Rules – Reactions
UPDATED with more reactions: The Internet’s outrage machine cranked into high gear today, offering a searing rebuke of the FCC’s proposal to repeal net neutrality rules.
FCC commissioner Jessica Rosenworcel circulated a statement (on Twitter) that criticized the sweeping proposal, saying it would wipe out court-tested rules and a decade’s work to favor cable and telephone companies.
“This is ridiculous and offensive to the millions of Americans who use the Internet,”… Read
FCC Chairman Proposes Repealing “Heavy-Handed” Net Neutrality Rules
FCC chairman Ajit Pai will propose repealing net neutrality rules put in place during the Obama Administration, calling the regulations both “heavy-handed” and a “mistake.”
The commission will vote on the proposal in December, effectively trashing the rules that require Internet providers like Comcast or AT&T to treat all web traffic equally. He argues that these regulations are too burdensome and stifle innovation.
"Today, I have shared with my colleagues a draft order… Read
AT&T-Time Warner Merger Antitrust Review Casting Pall Over Fox Talks
As a growing list of potential buyers explore talks with 21st Century Fox, any deal will hinge on the actions of a powerful player that’s not present at the negotiating table: the Justice Department.
The outcome of the DOJ’s antitrust review of AT&T’s proposed $85.4 billion merger with Time Warner may determine whether media conglomerates like Comcast or Verizon make a bid for some of Fox’s entertainment assets.
If the Trump Administration moves to block the AT&T-Time… Read
John Malone Says He Doesn’t Know What Antitrust Regulators Are “Smoking”
Liberty Media chairman John Malone wondered aloud what federal antitrust regulators were “smoking” these days, as the Justice Department contemplates a lawsuit that would block AT&T’s proposed merger with Time Warner.
“I personally have very little insight into what the antitrust division is smoking these days,” Malone said during today’s Investor Day conference. “I mean, normally, verticals have always been regarded as pretty straight-forward, low-risk. To the degree… Read