Los Angeles Times
Senate Democrats believe net neutrality is a political winner as they try to reinstate regulations
One after another, 15 Democratic senators — nearly a third of their caucus — stepped to a microphone on Capitol Hill to call for tough rules to protect net neutrality. The turnout, which included Senate Democratic leader Charles E.
Public TV stations KCET and KOCE to merge in shifting market (Los Angeles Times)
Submitted by benton on Wed, 04/25/2018 - 16:02
Sinclair to Sell TV Stations in Bid to Secure Tribune Deal Approval
Sinclair Broadcast Group has reached deals to sell nearly two dozen television stations as it works to get regulators to sign off on its purchase of Tribune Media. Sinclair said that the move to sell the 23 stations in 18 markets, some of which are owned by Sinclair and some by Tribune, was needed to obtain government approval for the $3.9 billion purchase of fellow television-station owner Tribune.
California's plan to protect net neutrality will shield consumers from telecom bullies (Los Angeles Times)
Submitted by Robbie McBeath on Fri, 04/20/2018 - 14:47
In Court, AT&T Chief Attacks Lawsuit to Block Time Warner Merger
AT&T’s chief executive, Randall Stephenson, attacked the Justice Department’s lawsuit to block its merger with Time Warner, saying that a combined company would be no different from the Silicon Valley giants that make and distribute video content. As the last witness for the defense in the Justice Department’s legal battle against AT&T’s $85.4 billion deal to buy Time Warner, Stephenson portrayed the 140-year-old phone giant as being in an existential crisis and in need of the deal with Time Warner to compete against tech companies.
Qualcomm begins layoffs, trying to cut $1 billion, and its NXP bid faces objections in China (Los Angeles Times)
Submitted by benton on Thu, 04/19/2018 - 11:21Commentary: The staggering body count as California newspapers founder, and democracy loses (Los Angeles Times)
Submitted by benton on Mon, 04/16/2018 - 06:26Michael Ferro sells stake in Los Angeles Times parent Tronc to McCormick family for $208.6 million
Michael Ferro, who resigned recently as chairman of Chicago-based newspaper chain Tronc, has struck a deal to sell his entire stake in the company, according to a filing with the Securities and Exchange Commission. Ferro, who owned more than 25% of Tronc -- the parent of the Los Angeles Times, Chicago Tribune and other newspapers -- agreed to sell his more than 9 million shares at $23 per share, or $208.6 million, to McCormick Media, pending approval by regulators.