Ownership

In the fall of 2010, the Russian billionaire investor Yuri Milner took the stage for a Q. and A. at a technology conference in San Francisco. Milner, whose holdings have included major stakes in Facebook and Twitter, is known for expounding on everything from the future of social media to the frontiers of space travel. But when someone asked a question that had swirled around his Silicon Valley ascent — Who were his investors? — he did not answer, turning repeatedly to the moderator with a look of incomprehension.

Senate Majority Leader Mitch McConnell (R-KY) said he believes technology companies that displayed Kremlin-linked ads during the 2016 election could help the United States “retaliate” against Russia. “What we ought to do with regard to the Russians is retaliate, seriously retaliate against the Russians,” Sen McConnell told MSNBC’s Hugh Hewitt.

T-Mobile and Sprint jointly announced that they have ceased talks to merge as the companies were unable to find mutually agreeable terms. “The prospect of combining with Sprint has been compelling for a variety of reasons, including the potential to create significant benefits for consumers and value for shareholders. However, we have been clear all along that a deal with anyone will have to result in superior long-term value for T-Mobile’s shareholders compared to our outstanding stand-alone performance and track record,” said John Legere, President and CEO of T-Mobile US, Inc.

House Communications and Technology Chairman Marsha Blackbur (R-TN) is open to using federal antitrust laws to fix the long-running debate over net neutrality. “It’s helpful to consider the complete spectrum of law shielding American consumers from anticompetitive behavior,” she said. “It’s clear that internet service providers are not the only potential roadblock standing between a consumer and his or her content of choice,” she said .

Members of Congress are pushing Sinclair on the possible effects of its pending merger with Tribune Media, including whether the media company would continue to push controversial "must-run segments." In a letter to the company, 49 members of Congress, led by Rep. Tony Cárdenas (D-CA), underscored the scale of the deal and pressed Sinclair to explain how its $4 billion merger would benefit Americans.

NCTA-The Internet & Television Association, has told the Federal Communications Commission that Sinclair's response to the commission's request for more information on how it would comply with its rules in the Tribune merger were insufficient, and without that info the deal must be denied. That came in comments to the FCC filed Nov. 2.

Attorneys general from IL, MD, MA, and RI have teamed up to ask the Federal Communications Commission to block the merger of Sinclair and Tribune. The joint filing comes at the same time the Coalition to Save Local Media was urging all the state AG's to weigh in against the deal. The AGs principal beef appears to be the size of the deal, which would create the largest TV station group in the country reaching over 70% of the national audience.

[Commentary] We should ask ourselves if we can find a way to re-introduce serious competition in social networking. Luigi Zingales and Guy Rolnik of the University of Chicago have proposed an intriguing idea. They build on the concept of “number portability”, the principle that you own your own phone number, and you can take your number with you to a different phone provider. The idea has promise in retail banking. Zingales and Rolnik suggest an analogy: social graph portability. The idea is that I could take my Facebook contacts with me to another service — call it “ZingBook”.

This election season, Comcast is once again devoting funds to an investment it considers necessary - influencing elections in Seattle (WA) and Fort Collins (CO).  In Seattle, Comcast and CenturyLink have donated $50,000 to a political action committee that supports a candidate opposed to publicly owned Internet infrastructure. In our analysis, we’ve run a range of possible scenarios and offered both a conservative Comcast loss estimate and figures based on higher loss of subscribership.

President Donald Trump boasted Nov 3 of his social media influence after his personal Twitter account was briefly deactivated by a departing company employee, raising serious questions about the security of tweets the president wields to set major policy agendas, connect with his voter base and lash out at his adversaries. The deactivation Nov 2 sparked deep and troubling questions about who has access to the president's personal account, @realDonaldTrump, and the power that access holds.