Ownership

President Trump abruptly issued an executive order demanding an evaluation of the Postal Service’s finances, asserting the power of his office weeks after accusing Amazon, the online retail giant, of not paying its fair share in postage. In the executive order, issued just before 9 p.m., President Trump created a task force to examine the service’s “unsustainable financial path” and directed the new panel to “conduct a thorough evaluation of the operations and finances of the USPS” The president does not mention Amazon in the order, but it is clear that he intends for the panel to substanti

Facebook recently teamed up with Google, Comcast, AT&T, and Verizon in order to kill a privacy law that's being considered in California. The five companies each donated $200,000 to create a $1 million fund to oppose the California Consumer Privacy Act, a ballot question that could be voted on in the November 2018 state election. If approved, the law would make it easier for consumers to find out what information is collected about them and to opt out of the sale or sharing of any personal information.

[Commentary] Network news is nationally scripted for a national audience. The New York-based networks such as ABC, CBS, Fox and NBC feed common fare to all their affiliates. That is precisely why broadcasting policy – until the Trump Federal Communications Commission – has expected those local affiliates to use the medium for local news and information. Sinclair’s broadcast licenses mandate the provision of local services, not a de facto new national network with pre-scripted national messages.

With the Justice Department's top antitrust attorney, Makan Delrahim, looking on from the government's table, AT&T's witness claimed that regulators' economic analysis of the Time Warner deal is "theoretically unsound" and riddled with inaccurate assumptions. "The evidence doesn't support the government's claim that this transaction will harm consumers," said Dennis Carlton, an economist from the University of Chicago's Booth School of Business.

Some 45 times — I was counting — the Facebook CEO told members of Congress that we’re in control of our data, when it’s plainly impossible for most people to figure out how to do so. That makes it hard to buy what he’s selling, even if it’s free. Zuckerberg has never really explained just how much data Facebook collects and what it does with it.

We’re trusting services like Facebook with our data, and that trust should come with concrete legal responsibilities. To make that happen, Yale Law professor Jack Balkin proposes designating cloud providers as “information fiduciaries,” binding them an industry-wide code of conduct modeled after similar designations in law, medicine, and finance. In the abstract, the rule would require Facebook and other companies to not act against user’s interest, leaving courts to decide the penalties when they do.

A dozen Democratic senators are asking the Federal Communications Commission to investigate Sinclair Broadcasting Group for distorting the news. 

The FCC should also pause its review of Sinclair's acquisition of Tribune Media — a merger that could expand the nation's largest broadcaster from 193 stations to 223 stations covering 72% of US homes  — the senators say, to determine whether the deal is in the public interest.

Rebecca Kelly Slaughter, the last of President Donald Trump’s nominees for the Federal Trade Commission, said if selected she would keep a close eye on whether major tech companies are using anti-competitive or deceptive tactics amid growing concerns that they dominate their markets.

After more than 10 hours of grilling Facebook CEO Mark Zuckerberg, Congress is no closer to regulating the platform's privacy practices than it was when the hearings started. It's clear that lawmakers haven't coalesced around a regulatory end-goal, even though the threat remains.

Economist Carl Shapiro said his analysis of AT&T's purchase of Time Warner shows that US consumers could together pay an additional $571 million in the year 2021 if the deal is approved.

"The merger will in fact harm consumers and the harm is significant in terms of the dollar amount," Shapiro testified.