Tencent lost about $20 billion in market valuation Friday, as Chinese regulators took steps to limit the number of online games and reduce screen time.

China’s leader, Xi Jinping, expressed concerns this week that game play was damaging children’s eyesight. His remarks telegraphed for tighter regulation over the…

Extending a string of 2017 de-regulatory moves, Ajit Pai, President Donald Trump’s appointee to lead the FCC, has formally begun the process of reviewing rules limiting the number of TV stations a single owner can control.

If the ownership cap is eased, as expected, by the Republican-controlled, 5-member commission, it…

Big cable operators took a punch to the solar plexus this morning, at least as far as Wall Street is concerned. MoffettNathanson Research’s Craig Moffett — a regular among Institutional Investor‘s annual list of top cable analysts, and a longtime industry supporter — downgraded Comcast, Time Warner Cable and Charter…

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UPDATE: In connection with the summary judgment ruling today in its litigation against Google and YouTube, Viacom Inc made the following statement:

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Robert Swagger, CEO of the Trend Exchange, gave a press conference detailing his progress — or lack of it — in swaying DC politicians to remove movie futures exchanges from the financial reform legislation that is expected to be signed into law later this year. After gaining approval last week to launch from the Commod…

I asked Andrew Jay Schwartzman, the SVP and Policy Director of the Media Access Project in Washington DC (http://www.mediaaccess.org) to write up his thoughts on the proposed merger:

Why Hollywood Should Care About  the Comcast/NBCU Deal

By Andrew Jay Schwartzman

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UPDATE WRITE-THRU: Last weekend, Karate Kid vastly outperformed estimates, proving that even though the plots of films are predictable this summer, the box office outcome certainly isn’t. It was in that climate that the creators of the new Media Derivatives box office futures business held its press conference after…

The Federal Communications Commission proposed a $25,000 fine against the Fox TV stations today for not providing requested information about sexually suggestive scenes in an episode of American Dad that had drawn more than 100,000 indecency complaints. The scenes from the January 3 episode of the animated Fox comedy…