Ownership

Twitter and Facebook are scrambling to assuage conservative leaders who have sounded alarms — and sought to rile voters — with accusations that the country’s tech giants are censoring right-leaning posts, tweets and news. From secret dinners with conservative media elite to private meetings with the Republican National Committee, the new outreach reflects tech giants’ delicate task: satisfying a party in power while defending online platforms against attacks that threaten to undermine the public’s trust in the Web.

Justice Department Antitrust Chief Makan Delrahim said that he doesn't think the Supreme Court's American Express ruling would make it more difficult to take on the biggest online platforms over competition concerns. 

The Trump Federal Communications Commission has been working diligently since its first moments in office to help Sinclair expand its political messaging. By rewriting the rules governing local broadcasting, the Trump FCC is allowing Sinclair to turn supposedly “local” television operations into a coordinated national platform for the delivery of messages. Local television stations were licensed to multiple firms to promote a diversity of viewpoints. Using the public airwaves was supposed to deliver diverse editorial content and news coverage.

[Commentary]  We have handed to private companies the power to set and enforce the boundaries of appropriate public speech. That is an enormous cultural power to be held by so few, and it is largely wielded behind closed doors, making it difficult for outsiders to inspect or challenge.

21st Century Fox determined that a deal with Comcast has more antitrust risk than its pact with Disney, even after a judge chose not to block AT&T’s takeover of Time Warner. Fox’s management and lawyers — while reviewing Disney’s revised offer in June — concluded that antitrust concerns could scuttle a transaction with Comcast.

The ripples of the Supreme Court ruling in favor of American Express could be felt on the West Coast, with some arguing it would make it harder for antitrust enforcers to take on big online platforms like Google, Facebook and Amazon. Many of tech’s most profitable firms have created two-sided markets: Google and Facebook serve consumers on one side and marketers on another. Uber links up riders and drivers. Amazon serves customers and also the merchants who use its platform. All these situations make defining a monopoly more difficult.

Gray Television has agreed to buy fellow television-station owner Raycom Media in a $3.65 billion deal that would create a company that reaches nearly a quarter of US TV households. Gray estimates it will be able to save $40 million in the first year after the deal closes by reducing station and corporate expenses.

The attorneys general of Illinois, Iowa (stations from both states are involved in the deal) and Rhode Island have petitioned the Federal Communications Commission to deny the Sinclair-Tribune merger, which would give Sinclair over 200 TV stations.

AT&T's advertising chief said the company’s acquisition of AppNexus is part of a strategy to build a first-of-its-kind marketplace for television and digital video advertising and give it more firepower against industry juggernauts Google and Facebook. AppNexus offers technology that helps advertisers buy ads, using automated software, across a range of websites and apps. The company also supplies technology to publishers so they can manage and sell ad space on their websites.

Windstream and USTelecom have reached a compromise agreement involving telecommunication unbundling that would offer an alternative to a filing made by USTelecom back in May. The agreement requires Federal Communications Commission approval, but generally the FCC looks favorably upon agreements that opposing telecom stakeholders have been able to negotiate without FCC involvement. Windstream is both a buyer and seller of unbundled network elements (UNEs).