Ownership

The high-stakes antitrust showdown over AT&T's planned $85 billion purchase of Time Warner began in a Washington courtroom as both sides sparred over some key issues that signaled their legal strategies. Opening arguments aren't scheduled until March 21 in a trial U.S. District Judge Richard DeLeon said could last six to eight weeks — about twice as long as originally estimated when the Justice Department sued last fall to halt the deal.

Consumers have long wondered just what Google and Facebook know about them, and who else can access their personal data. But internet giants have little incentive to give straight answers.  On May 25, however, the power balance will shift towards consumers, thanks to a European privacy law that restricts how personal data is collected and handled. The rule, called General Data Protection Regulation or GDPR, focuses on ensuring that users know, understand, and consent to the data collected about them. Under GDPR, pages of fine print won’t suffice.

[Commentary] With the Department of Justice (DOJ) litigation to stop the AT&T-Time Warner merger set to go to trial on March 19, it is revealing to compare different views about network power from the agency’s perch on the north side of the National Mall with those of the Federal Communications Commission (FCC) on the other side.

AT&T and Time Warner plan to merge in a $85 billion deal that would unite one of the largest distributors of content with one of the biggest producers of content, a roster that includes hits like HBO’s “Game of Thrones,” the Harry Potter films and major cable franchises like CNN. But not if the Justice Department has its way. The U.S. government has sued to block the deal, a move that some fret is actually political reprisal for CNN’s reporting on President Trump. The trial begins on Wednesday, March 21. 

[Commentary] In 2004, Congress delivered what seemed to be an unmistakable message about ownership limits in the TV broadcasting industry. It ordered the Federal Communications Commission to institute a new cap: No company could own stations that collectively broadcast into more than 39% of US homes. So why hasn't the FCC summarily rejected Sinclair Broadcast Group's proposed purchase of Tribune Media, which would allow Sinclair-owned stations to beam their programs to more than 70% of U.S. TV viewers?

It’s the biggest assignment in journalism: Take a set-in-its-ways 167-year-old news organization and reconfigure it radically so that it can compete on the global stage against countless young digital upstarts. If it’s done right, billions of people could end up with trusted, independent, impartial news they would never otherwise have had access to. On the other hand, if it’s done wrong — or if it’s not assigned at all — then one of the world’s most storied newswires might be entering its final years.

The face-off, between the Justice Department and AT&T over the company’s $85 billion agreement to buy media giant Time Warner, has broad ramifications for media, technology and other industries as well as for the government’s powers to deter large-scale corporate consolidation.

Would the combination of AT&T and Time Warner hurt consumers or help them? 

IHeartRadio’s parent company, iHeartMedia, filed for bankruptcy protection in an attempt to restructure part of the $20 billion debt load that has burdened it since a leveraged buyout a decade ago, on the eve of the 2008 recession. The company announced that it had reached agreements with creditors to reduce its debt by more than $10 billion. It said it would continue to operate its stations during the process. 

“Desigend by Apple in California. Assembled in China”. For the past decade the words embossed on the back of iPhones have served as shorthand for the technological bargain between the world’s two biggest economies: America supplies the brains and China the brawn. Not any more. China’s world-class tech giants, Alibaba and Tencent, have market values of around $500 billion, rivalling Facebook’s. China has the largest online-payments market. Its equipment is being exported across the world. It has the fastest supercomputer.