January 2012

Average Silicon Valley Tech Salary Passes $100,000

Average annual salaries for Silicon Valley technology workers surpassed the $100,000 mark last year, according to a new survey, pushed higher by the strength of the region's latest boom.

Tech-jobs website operator Dice Holdings Inc. said salaries for software and other engineering professionals in California's Silicon Valley rose 5.2% to an average $104,195 last year, outstripping the average 2% increase, to $81,327, in tech-workers' salaries nationwide. It was the first time since Dice began the salary survey in 2001 that the wage barometer broke the $100,000 barrier, said Tom Silver, a Dice senior vice president. The findings come amid a Web boom that has fueled companies such as Facebook, Zynga and Twitter. Last year, several of the companies—including LinkedIn and Zynga—went public, with Facebook poised for an initial public offering this year. Their success has sparked the creation of numerous new start-ups, which in turn has spurred a hiring war for software engineers and others.

In contrast, job growth elsewhere in the nation has remained relatively slow. U.S. employers added 200,000 jobs in December, and the unemployment rate ticked down to 8.5%, its lowest level since early 2009. But it is unclear how sustainable such gains may be.

Rivals spar over Google+ traffic

Google has traded blows with a group of rivals including Facebook and Twitter as each side tries to seize the moral high ground in the increasingly bitter online social networking wars.

The search company won plaudits from human rights groups as it announced a policy change on its Google+ network that will make it easier for users to appear under pseudonyms. The more lenient approach contrasts with Facebook’s insistence on the use of “real names”, which activists claim exposes political dissidents to reprisals in some countries. Earlier in the day, however, Google came under fresh attack over controversial changes made to its search engine earlier this month that critics claim were designed mainly to divert traffic to its new social network, at the cost of devaluing its search results.

Comcast/NBCU Drives Deal Market to $52 Billion in 2011

The entertainment and media deal market soared in 2011, fueled mainly by the multi-billion NBC Universal joint venture between Comcast and General Electric, according to an annual survey by PriceWaterhouseCoopers. However, a 25% increase in the average transaction size encouraged the research house to predict that the catalysts are in place for increased activity in 2012.

Comcast ads during NFL game draw flags

Comcast customers watching the New York Giants eventually defeat the San Francisco 49ers had their viewing pleasure rudely interrupted with a couple of accidental commercials for the cable operator’s Xfinity service. The sudden random appearance of the commercials or fragments of the commercials as plays were being run angered viewers who lit up social networks after the glitch. A Comcast executive told POLITICO that the problem occurred when equipment at WTTG, the FOX station airing the game in Washington, malfunctioned, sending the commercial out at the wrong time. Knowledgeable sources, however, said the problem occurred when a device designed to send commercials only to Xfinity viewers was somehow triggered. The equipment is operated by WTTG but owned by Comcast. No similar glitches were reported on other pay-TV platforms or on the over-the-air signal.

Federal Communications Commission officials said it is unlikely that the commission has any authority over the issue, as it doesn’t regulate content except in the area of broadcast indecency.

An Assault on Democracy

[Commentary] President Rafael Correa of Ecuador is leading a relentless campaign against free speech, harassing his critics, forcing independent broadcasters off the air and hijacking the nation’s courts in his bid to bankrupt the country’s largest newspaper. Latin America has a bitter history of authoritarian rule. It has struggled hard to get beyond those days. All of the hemisphere’s democratic leaders, including President Obama, need to push back against Mr. Correa.

T-Mobile, AT&T File For FCC Approval Of Spectrum Transfer

T-Mobile USA and AT&T filed a request with the Federal Communications Commission for approval of the transfer of $1 billion in wireless airwaves AT&T promised as a result of the failure of its $39 billion bid to take over its smaller rival. AT&T said it would turn over the airwaves, or spectrum, along with $3 billion in cash to T-Mobile parent Deutsche Telekom AG after pulling out of the deal as opposition mounted from the FCC, Justice Department, state attorneys general and rival carriers.

“This additional spectrum will help meet the growing demand for wireless broadband services,” said Tom Sugrue, T-Mobile’s senior vice president for government affairs. “We hope the FCC will move swiftly to approve the license assignments.”

DoJ Antitrust Chief Plans to Leave This Year

Apparently, Sharis Pozen, the Justice Department’s chief antitrust enforcer, is preparing to leave her post, likely as soon as this spring.

Pozen, who has served as the acting head of the department’s Antitrust Division since August, is likely to return to private practice. Pozen has informed the White House of her intentions. During her short tenure, Pozen has overseen one of the department’s biggest merger challenges in a generation: its successful bid to block AT&T’s proposed $39 billion acquisition of T-Mobile USA.

The leading candidate to replace Pozen is William J. Baer, head of the antitrust group at the law firm Arnold & Porter and a former director of the Federal Trade Commission’s competition bureau. Antitrust experts say that Baer would continue the government’s reinvigorated enforcement of the antitrust laws.

Sen. Leahy blames GOP for scuttled vote on anti-piracy bill

Senate Judiciary chairman Patrick Leahy (D-VT) blamed Republicans for scuttling his Protect IP Act (PIPA) and said he hopes to revive the bill after a brief delay.

Senate Majority Leader Harry Reid (D-NV) canceled a cloture vote on PIPA after Minority Leader Mitch McConnell (R-Ky.) and a number of Republican co-sponsors withdrew their support for the controversial bill. "I thank the majority leader for seeking to schedule that debate on this serious economic threat. I understand that when the Republican leader recently objected, and Republican senators who had cosponsored and long supported this effort jumped ship, he was faced with a difficult decision," Sen Leahy said in a floor speech. "My hope is that after a brief delay, we will, together, confront this problem."

House Democrat pulls support for SOPA

Former sponsors continue to withdraw their support for the Stop Online Piracy Act (SOPA) after the controversial online piracy bill was shelved last week in response to massive outcry from the Internet community.

Rep Ben Ray Luján (D-NM) became the latest lawmaker to withdraw his support for the bill on Monday by removing his name as a sponsor. “It is clear that steps need to be taken to combat online piracy, but after further review, I have decided that I can no longer support SOPA in its current form," Rep Luján said. "After listening to them and talking with folks in the district over the weekend, I took another hard look at the bill. While we need to take steps to address online piracy, we must also protect the unique qualities of the Internet.”

Google's and Facebook’s fourth-quarter lobbying bills

Google's US lobbying bill more than tripled to $3.76 million in the fourth quarter as the Internet search leader fought proposed changes to online piracy laws and sought to influence a wide range of other issues that could affect its fortunes.

The amount that Google Inc. spent making its political points from October through December is by far the company's highest lobbying tab for any three-month period since Google's Washington office opened in 2005. The total compared with a lobbying budget of $1.24 million during the final three months of 2010 and $2.38 million in the third quarter of 2011. For all of 2011, Google spent $9.7 million on political persuasion, nearly doubling from $5.2 million in 2010. Google's lobbying expenses have been rising steadily against a backdrop of intensified U.S. government scrutiny of the company's acquisitions and business practices. The focus has been prompted by complaints alleging that Google is abusing its dominance of the lucrative Internet search market to stifle competition and muscle its way into other markets.

Facebook spent more than $1.3 million on lobbying efforts last year, passing the $1 million mark for the first time, according to disclosure documents. In 2010, by contrast, Facebook spent less than $400,000. And Facebook's fourth-quarter spending for last year was $440,000, up from $130,000 during the same period in 2010. Facebook upped its advocacy efforts as scrutiny of its privacy policies increased.