Gilded age-style monopolies are back. We should take this setback to recommit to a new anti-monopoly movementOn Tuesday, a District Judge in DC approved the $85bn dollar merger between AT&T and Time Warner, without any conditions. On Monday, the FCC repealed its network neutrality laws. With a double punch, the telecom industry got a lot more concentrated and license to discriminate.The AT&T merger is especially disturbing in light of the network neutrality decision, because it involves a producer of content (Time Warner) merging with the distributor of that content. It is a data/media deal (like Verizon buying AOL). With the repeal of network neutrality, AT&T can throttle the content of competitors. Continue reading...
Merger will create telecoms and media giantTrump had called deal ‘not good for the country’AT&T’s politically charged takeover of Time Warner was approved by a US judge on Tuesday in a blow to the Trump administration which had fought hard to have the deal scrapped.US district judge Richard Leon dismissed the antitrust case brought by the justice department last November, the culmination of a 20-month ordeal that has seen the deal attacked by Donald Trump, critics of media consolidation and consumer groups. Continue reading...
Cable companies and other TV providers could lose roughly 12 percent of their customer base in the event of a protracted, hypothetical programming dispute with an AT&T-owned Time Warner, said an expert witness for the Justice Department.
President Donald Trump's tweet in support of Sinclair Broadcast Group leaves little question his administration will approve the conservative TV empire's bid for Tribune Media, according to the company's critics.Trump came to the broadcaster's defense after a viral video showing dozens of TV anchors at Sinclair-owned stations reciting the same Trump-like script bashing the media for spreading "fake news."While the president didn't mention Sinclair's pending $3.9 billion acquisition of Tribune, opponents of the deal say Trump's comments send a message to regulators now reviewing the transaction.“If anybody didn’t understand that the green light was on for the Sinclair deal, I think it’s crystal clear now,” said Michael Copps, a former Democratic FCC commissioner who now serves as an adviser to public interest group Common Cause.The Justice Department and the Federal Communications Commission are reviewing Sinclair’s bid to buy Tribune's stations, which would allow the company, known for injecting must-run conservative segments into local stations' programming, to reach nearly three out of every four households in the U.S.The reviews, however, have taken longer than expected, with Sinclair revising the deal several times and committing to sell off some of the TV stations it wanted to buy after discussions with regulators.Trump had steered clear of talking about Sinclair, but that changed Monday, when he tweeted that it’s “so funny” to see criticism of Sinclair from other media outlets, arguing that the company is “far superior to CNN and even more Fake NBC, which is a total joke."Opponents of Sinclair pounced on what they called evidence of Trump bias."At a moment when millions of people are waking up to what it looks like when Sinclair comes in and controls your local TV station, Trump is rushing to their defense, just like they’ve rushed to his defense a countless number of times,"said Craig Aaron, president and CEO of consumer advocacy group Free Press. A Sinclair representative declined to comment on Trump's tweet, but the company said its promotional announcements on local news are meant to differentiate its news programming from less reliable sources of information.“We aren’t sure of the motivation for the criticism, but find it curious that we would be attacked for asking our news people to remind their audiences that unsubstantiated stories exist on social media, which result in an ill-informed public with potentially dangerous consequences,” Scott Livingston, Sinclair’s senior vice president of news, said in a statement. Sinclair has faced criticism over reports that it gave favorable treatment to Trump while airing negative stories about Hillary Clinton during the 2016 election.POLITICO reported shortly after the election that Trump son-in-law and adviser Jared Kushner boasted that the campaign had struck a deal with Sinclair for better media coverage. (Sinclair has disputed the characterization, saying it was an arrangement for extended sit-down interviews offered to both candidates.)FCC watchers say the agency's actions under the Trump administration have benefited Sinclair. They point to Chairman Ajit Pai's decision last year to revive a regulatory loophole, known as the UHF discount, that allows Sinclair to expand its footprint without vastly exceeding federal limits on media ownership.Under Pai, the FCC also got rid of regulations that required broadcast companies to maintain studios in local communities and prevented them from owning more than one top-rated TV station in a market — changes also seen as helping Sinclair."One way or another, Chairman Pai is going to approve this deal," said Andrew Schwartzman, an attorney with the Institute for Public Representation at Georgetown University Law Center. "He doesn’t need the president to encourage him."Chris Ruddy, CEO of the conservative news network Newsmax and a Trump confidante, said he agrees with Sinclair's stance on the dangers of fake news but said he's concerned about the policy changes by the FCC that will allow the broadcaster to grow larger."The FCC has essentially become a subsidiary of the Sinclair Broadcasting company and is rubber stamping a lot of things to help them package and homogenize news and have a huge national reach," Ruddy said in an interview. "I don’t think it's good for free press. It creates a very dangerous precedent. I believe the actions the FCC has taken literally stink."Ruddy met with Trump recently but declined to say whether he discussed Sinclair."I can tell you the president likes Sinclair and thinks they were very fair to him during the election, and I agree with that sentiment," Ruddy said. "But I think that the president was elected because there were many station owners in local markets in red states, not just Sinclair."Some antitrust experts dismissed the significance of Trump’s bluster in the regulatory reviews.Trump’s tweets about his personal likes and dislikes are “pretty much irrelevant," said Allen Grunes, an attorney at Konkurrenz Group who spent more than a decade at the Justice Department's antitrust division. "My experience at DOJ and later on is that elected officials expressing their opinions doesn't impact the outcome of the antitrust review."But Trump's accusations of unfair coverage have become an issue in another media deal: AT&T-Time Warner. The president's frequent bashing of Time Warner-owned CNN has shadowed that merger, which the Justice Department is seeking to block. The judge in the case, though, has so far rejected attempts to explore potential White House influence over the government's antitrust review.More broadly, the president's pro-Sinclair message guarantees that the issue will remain front and center for Democrats, particularly as the midterm elections approach."It is a blatant conflict of interest for this President to help his campaign contributors become bigger and bigger, while media choice and diversity becomes smaller and smaller," Sen. Ed Markey (D-Mass.) said in a statement. "The Department of Justice should reject this acquisition, and the FCC should reform ownership rules that make it possible."
In a proxy war against the newspaper’s owner, the president’s threats cause Amazon shares to plunge.
There is an intense consolidation wave across diverse markets, as most firms aim to capitalize on bullish macroeconomic sentiments to pursue transformative deals.
I квартал 2018 года был рекордным по активности слияний и поглощений (M&A). Общая сумма сделок составила $1,2 трлн, сообщает Reuters.
I квартал 2018 года был рекордным по активности слияний и поглощений (M&A). Общая сумма сделок составила $1,2 трлн, сообщает Reuters.
One of the Justice Department's own witnesses in its lawsuit to stop AT&T's $85 billion purchase of Time Warner may have done some damage to its case on Thursday, as the witness testified the merger would likely not have an effect on negotiations with distributors to carry Time Warner content.
The Zacks Analyst Blog Highlights: Deckers, Malibu, Guess', Time Warner and Wolverine
The judge overseeing the government's antitrust trial against AT&T and Time Warner warned both sides Wednesday to speed things up.
World Wrestling (WWE) will continue to report record revenue growth as it has not only extended previous deal with different companies but also signed agreement with new service providers.
The White House View - Consumer and business confidence continues to surge as Trump's tax reforms and policies help the U.S. economy expand after eight years of stagnation
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Mukesh Ambani is playing a new tune. India’s richest man, through his flagship conglomerate Reliance Industries, is merging two music-streaming services into one worth $1 billion. Reliance is following a
Market swoons are bad news for dealmakers. Stock-market plunges can erode the value of bids involving acquirers’ stock, make bankers reluctant to lend, and change the outlook violently. Recent market
Оригинал взят у tiina в «Человек года» все обложки журнала Time за последние 90 летС 1927 года журнал Time в каждом декабрьском номере называет «Человека года», повлиявшего на мир лучшим или худшим образом. Первым был Чарльз Линдберг, лётчик, в одиночку перелетевший Атлантику, а в нынешнем году – американский президент Дональд Трамп. Предлагаем взглянуть на все 90 обложек Time, интересных не только помещёнными на них знаменитыми личностями, но и тем, каким образом их изобразили.1927: Чарльз Линдберг1928: Уолтер Крайслер1929: Оуэн Юнг1930: Махатма Ганди1931: Пьер Лаваль1932: Франклин Рузвельт1933: Хью Джонсон1934: Президент Франклин Рузвельт1935: Хайле Селассие1936: Уоллис Симпсон1937: Чан Кайши и Сун Мэйлин1938: Адольф Гитлер1939: Иосиф Виссарионович Сталин1940: Уинстон Черчилль1941: Президент Франклин Рузвельт1942: Иосиф Виссарионович Сталин1943: Джордж Маршалл1944: Дуайт Дэвид Эйзенхауэр1945: Президент Гарри Трумэн1946: Джеймс Фрэнсис Бирнс1947: Джордж Маршалл1948: Президент Гарри Трумэн1949: Уинстон Черчилль1950: Американский солдат1951: Мохаммед Моссадех1952: Королева Елизавета II1953: Конрад Аденауэр1954: Джон Фостер Даллес1955: Харлоу Куртис1956: Борец за свободу Венгрии1957: Никита Сергеевич Хрущёв1958: Шарль де Голль1959: Президент Дуайт Дэвид Эйзенхауэр1960: Американские ученые1961: Президент Джон Кеннеди1962: Римский папа Иоанн XXIII1963: Мартин Лютер Кинг1964: Линдон Бэйнс Джонсон1965: Уильям Уэстморленд1966: Мужчины и женщины в возрасте до 25 лет1967: Президент Линдон Бэйнс Джонсон1968: Аполлон 8 Уильям Андерс, Фрэнк Борман, Джеймс Ловелл1969: Средний класс американцев1970: Вилли Брандт1971: Президент Ричард Никсон1972: Президент Ричард Никсон и Генри Киссинджер1973: Джон Сирица1974: Король Фейсал1975: Американские женщины1976: Президент Джимми Картер1977: Анвар Садат1978: Дэн Сяопин1979: Аятолла Хомейни1980: Президент Рональд Рейган1981: Лех Валенса1982: Компьютер1983: Президент Рональд Рейган и Юрий Андропов1984: Питер Уэберрот1985: Дэн Сяопин1986: Корасон Акино1987: Михаил Горбачев1988: Вымирающая земля1989: Михаил Горбачев1990: Президент Джордж Герберт Уокер Буш1991: Тед Тёрнер1992: Президент Билл Клинтон1993: Миротворцы: Ицхак Рабин, Нельсон Мандела, Фредерик Виллем де Клерк, Ясир Арафат1994: Римский папа Иоанн Павел II1995: Ньют Гингрич1996: Доктор Дэвид Хо1997: Эндрю Гроув1998: Кеннет Стар и Билл Клинтон1999: Джефф Безос2000: Президент Джордж Уокер Буш2001: Руди Джулиани2002: Разоблачители: Синтия Купер, Колин Роули и Шэрон Уоткинс2003: Американский солдат2004: Президент Джордж Уокер Буш2005: Добрые самаритяне: Билл Гейтс, Боно, Мелинда Гейтс2006: Ты. «Да, ты. Ты контролируешь Век Информации. Добро пожаловать в твой мир».2007: Владимир Владимирович Путин2008: Президент Барак Обама2009: Бен Бернанке2010: Марк Цукерберг2011: Протестующий2012: Президент Барак Обама2013: Римский папа Франциск 2014: Борец с Эболой2015: Ангела Меркель2016: Дональд Трамп«Человек года» все обложки журнала Time за последние 90 лет
Now that the U.S. Census has released its newest estimate of median household income in the United States, it's time to consider where the U.S. federal government spending per U.S. household stands with respect to the Zero Deficit Line, which is the amount of spending that the typical American household can actually afford. The chart below shows those two measures for each year since 1967, when the Census first began reporting its median household income figure: Looking at the chart, we see that for the third year in a row, the amount of U.S. federal government spending per household is hovering just below $30,000 per U.S. household. Our tool below will reveal how much spending can actually be supported by the typical American household given its annual income of $50,054 (or whatever median household income level you might choose to enter!) Median Household Income Data Input Data Values Median Household Income How Much Federal Spending Per Household Can the U.S. Really Afford? Estimated Results Values Federal Spending per U.S. Household Using our tool, we find that in reality, the typical American household can only afford to have the federal government spend no more than $21,059. On a side note, do you remember the old Warner Brothers' Road Runner cartoons? The ones where Wile E. Coyote would be chasing after the bird, then suddenly find himself suspended in mid-air beyond the edge of a cliff, until he looked down and finally crashed back to earth? The level of federal spending per household since 2008 and the lack of meaningful growth in the incomes of U.S. households under President Obama, combined with all the talk these days of the approaching "fiscal cliff" suggests that there is one giant "splat" sound in the near future for the U.S.