Bloomberg News
FCC’s $8 Billion Phone Subsidy Survives Supreme Court Challenge
The US Supreme Court declined to question the $8 billion annual subsidy that helps cover the cost of telecom services for poor people and residents of rural areas, turning away two appeals that sought to rein in federal regulatory power.
News Corp CEO Slams Facebook, Google for Not Sharing Enough Ad Revenue
He’s derided them as “bot-infested badlands,” “dysfunctional and sometimes dystopian,” and platforms for “the fake, the faux and the fallacious.” On a recent earnings call, he called them “mephitic,” prompting his spokesman to tweet the definition: “foul smelling.” No media executive has more tirelessly criticized Google and Facebook -- and done so with such a colorful vocabulary -- than News Corp Chief Executive Officer Robert Thomson.