Bloomberg

A group of journalists protesting outside the offices of a New York City hedge fund recently shined a light on a little-known fact about the state of the local American newspaper: Behind the scenes, financial firms often hold all the cards. Investors like Alden Global Capital LLC and Fortress Investment Group LLC have acquired ownership stakes in newspapers that have struggled to adapt in an online world, from the Denver Post to the Providence Journal. Funds have brought their cost-cutting know-how to help restructure several newspaper chains in heavy debt after the 2008 financial crisis.

A proposed rule change before the Federal Communications Commission for spectrum licenses in the 3.5 GHz band presents a clear choice between the needs of the few and the needs of the many—though with some complications.  The FCC is on the cusp of making a decision about a spectrum auction that has pitted the nation’s largest wireless carriers against a broad and eclectic coalition of shippers, railroads, ports, electric companies, manufacturers, and rural internet service providers.

Asked at a news conference if he or his staff had had any conversations with representatives from AT&T while the company was paying Michael Cohen for insights into the new administration, including reportedly on net neutrality, President Donald Trump’s lawyer, now-Federal Communications Commission Chairman Ajit Pai said, "No." He later clarified that Michael Cohen had not come to him to open a door for AT&T. 

T-Mobile’s John Legere and Sprint’s Marcelo Claure met with Federal Communications Commission Chairman Ajit Pai to sell their $26.5 billion deal. Legere and Claure also met with FCC Commissioner Brendan Carr.