March 2018

Streaming Soon: A Fight Over AT&T, Time Warner, and the Future of TV

Would the combination of AT&T and Time Warner hurt consumers or help them? 

March 12-16, 2018
Weekly Digest

Will the U.S. Invest in Next Generation Broadband?

 You’re reading the Benton Foundation’s Weekly Round-up, a recap of the biggest (or most overlooked) telecommunications stories of the week. The round-up is delivered via e-mail each Friday.

Round-Up for the Week of March 12-16, 2018

IHeartMedia, U.S.’s Largest Radio Broadcaster, Files for Bankruptcy

IHeartRadio’s parent company, iHeartMedia, filed for bankruptcy protection in an attempt to restructure part of the $20 billion debt load that has burdened it since a leveraged buyout a decade ago, on the eve of the 2008 recession. The company announced that it had reached agreements with creditors to reduce its debt by more than $10 billion. It said it would continue to operate its stations during the process. 

Mueller Subpoenas Trump Organization, Demanding Documents About Russia

Apparently, the special counsel, Robert S. Mueller III, has subpoenaed the Trump Organization to turn over documents, including some related to Russia. The order is the first known instance of the special counsel demanding records directly related to President Trump’s businesses, bringing the investigation closer to the president.