CNN is planning to combine business websites CNN Money, CNN Media and CNN Tech under the umbrella of CNN Business this fall. The company also plans to hire several journalists to work from a new San Francisco bureau and report on tech giants, including Google, Netflix, Facebook and Apple.
AT&T CEO Randall Stephenson said Friday that Comcast's bid for 21st Century Fox assets could be hurt by the Justice Department's appeal of the court's approval of its merger. Stephenson added that the appeal "changes nothing" about AT&T's strategy and that the company will be proceeding as planned.
The Justice Department has a slim chance of winning its appeal to block the AT&T-Time Warner merger, but the move could be enough to stop Comcast's pursuit of 21st Century Fox assets, a source says. Comcast has already shifted its sights on acquiring the UK's Sky in a deal that wouldn't be affected by the DOJ's appeal, per the source.
Atlantic Broadband's parent company, Cogeco Communications, is gearing up to launch a wireless service in Canada. The company is eyeing the launch of services including voice, internet and data, as well as researching opportunities in technologies including autonomous vehicles, the internet of things and smart cities, says Cogeco's Louis Audet.
The UK's takeover panel has raised Sky's share price as bidding between Comcast and Disney for 21st Century Fox assets heats up. If Disney's bid for Fox assets, including Sky, is approved, the company will have to make an offer to purchase the remaining 61% of Sky within 28 days.
Viewing via on-demand services is on the rise and is the first choice for 48% of consumers, per a Hub Entertainment Research study. The study also found that live TV viewing through traditional providers has dipped from 47% last year to 39% this year.
Federal Communications Commission Chairman Ajit Pai noted in a statement that he has "serious concerns" about Sinclair Broadcast Group's proposed merger with Tribune Media and has recommended that it be reviewed by an administrative law judge. "The evidence we've received suggests that certain station divestitures that have been proposed to the FCC would allow Sinclair to control those stations in practice, even if not in name, in violation of the law," he added.
Questions about the future of traditional media loomed as executives made their way to Sun Valley, Idaho, for the annual Allen & Co. conference, which kicked off last week. Major tech companies that have made deals in the past have expressed a lack of interest, leaving traditional media companies to consider mergers among themselves.
Hundreds of FM stations could be disrupted during the Federal Communications Commission's television repack process. Stations that will have to sign off or reduce power for a period -- which could last months -- could face challenges in getting reimbursed under the FCC's proposed order for repack reimbursement.
Federal Communications Commission Chairman Ajit Pai says that the $435 filing fee for satellite receiver registrations was required by Congress. The National Association of Broadcasters is pushing for the fee to be dropped, arguing that it is an "undue and unfair burden" on broadcasters.
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