CBS CEO Les Moonves has been resistant to a Viacom merger due to the role Viacom CEO Bob Bakish might play at the combined company. However, a report indicates that Moonves is also opposed to the deal because he doesn't want CBS weighed down by Viacom networks, which he has deemed an "albatross" that could affect future carriage deals.
BET Networks CEO Debra Lee is resigning from her role as chairman and CEO effective May 28. Lee, who has been with the company since 1986 and was appointed to her current position in 2005, plans to continue to work in the media industry, including on initiatives such as Time's Up.
Netflix on Thursday saw a rise in stock that brought its value to over $153 billion, briefly surpassing Disney to become the most valuable media company. Disney reclaimed the top spot by the end of the day, with Netflix's market value dropping below $152 billion.
Major tech companies have been working in recent weeks to establish compliance with the EU's General Data Protection Regulation, which went into effect today. Companies including Google, Twitter, Uber and Yelp have sent notices to consumers regarding updated privacy policies and user agreements that comply with the new regulations.
Should Comcast make a formal bid for 21st Century Fox assets, the company would face the same regulatory hurdles that AT&T has faced for its proposed acquisition of Time Warner. An AT&T win in its antitrust suit with the Justice Department would not guarantee a win for Comcast, with antitrust attorney Henry Su saying that such a win would lead to "greater scrutiny of Comcast and Fox because there will be even more concentration of content between the two distributors."
Out-of-home viewing by millennials and Generation Z has led to a boost in broadcasting viewing, per Nielsen data. The data show that 39% of total out-of-home viewing and 45% of out-of-home viewing of sports programs came from those younger demographics.
Cox Communications technologist Jeff Finkelstein at an event last week discussed the possibilities of a next-generation cable network technology standard. DOCSIS 4.0 -- also known as DOCSIS dot Next -- could use over 1.2 gigahertz of plant spectrum to boost symmetrical speeds to up to 60 Gbps, Finkelstein said.
Spectrum Co. President John Hane says broadcasters need to "push ATSC 3.0 into the market in a big way" to lock out competitors who want the Federal Communications Commission to reclaim more of broadcasters' UHF spectrum. Hane says broadcasters need to use the spectrum more "intensely" to "prevent Microsoft and the wireless carriers from packing us in tighter."
The ATSC Next-Gen TV Conference on Wednesday explored the latest developments in Next Gen broadcasting standards. Stations testing the technology outlined their plans for expansion, while some broadcasters vocalized the need for more interoperability testing and product development.
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