CNBC

The Trump administration's approach to a fair and open internet seeks a compromise between too much regulation and too little, said Federal Communications Commission Chairman Ajit Pai. "Some people said that we should maintain the rules we had, the heavy-handed regulations that were based in the 1930s," he said. "Others said we should wipe the slate clean, have no regulations whatsoever. We charted a middle course."  Chairman Pai said that he's looking to counter the "misinformation" that's produced this is the "'end of the internet as we know it'" type headlines.

AT&T Chairman and CEO Randall Stephenson said it makes no sense for the government to oppose the telecommunications giant's $85 billion buyout of Time Warner on the grounds that content distributors and content creators under the same umbrella would be anti-competitive.  He said major technology firms such as Netflix and Amazon are allowed to do the same thing. "Reality is, the biggest distributor of content out there is totally vertically integrated. This happens to be something called Netflix.

"Of all those companies, Comcast is the most perfectly positioned because they are really on the distribution side in a significant way, and they're on the production side also in a significant way," said Barry Diller at the Internet Association's Virtuous Circle Summit. "Whichever one you bet on for having the ability to grow in the period when big technology companies take over almost anything, that's a pretty good bet." The era of a handful of traditional media companies dominating the landscape is over as more technology giants get in the game, Diller said.

Apparently, 21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., leaving behind a media company tightly focused on news and sports. The talks have taken place over the last few weeks and there is no certainty they will lead to a deal. The two sides are not currently talking at this very moment, but given the on again, off again nature of the talks, they could be revisited.