Ownership

Content is moving online and the government needs to keep pace. This accelerating shift toward Internet-based platforms is transforming the media marketplace, and the regulatory framework must change accordingly.  In 2020, for example, Google and Facebook are each expected to bring in more ad revenue than every TV and radio station in the U.S. combined.

The Federal Trade Commission and 48 state attorneys general filed wide-ranging antitrust lawsuits against Facebook, setting the stage for a potential breakup of the social-networking giant over charges it engaged in illegal, anti-competitive tactics to buy, bully or kill its rivals. The twin lawsuits filed in federal district court chiefly challenge Facebook’s past acquisition of two companies: Instagram, a photo-sharing tool, and WhatsApp, a messaging service.

Warner Bros. broke with tradition by announcing that it would release its entire lineup of 2021 films on HBO Max — its struggling streaming service — on the same day they were scheduled to appear in theaters. Hollywood agents and filmmakers were angered by the move — but they may have forgotten something crucial: Warner Bros. belongs to WarnerMedia, which is part of AT&T.

Regarding the adoption of a Notice of Proposed Rulemaking seeking comment on whether to modify the FCC’s FM Booster Rules to permit geo-targeted content to originate from FM booster stations, which could provide a way for small and minority-owned stations to better serve their communities by offering hyper-localized content including alternative language news, weather, emergency alerts, and advertising periodically during the broadcast day:

Facebook said it would buy Kustomer, a startup that specializes in customer-service platforms and chatbots, part of an effort by the social-media giant to help companies use its platforms to do business. Though terms weren’t disclosed, people familiar with the matter said it would value New York-based Kustomer at a little over $1 billion. Closely held Kustomer, whose technology takes conversations from different channels and puts them on a single screen, was valued at $710 million in a private funding round roughly a year ago, according to PitchBook.

The Communications Workers of America (CWA) is seeking conditions be imposed by the Connecticut Public Utilities Regulatory Authority (PURA) in regards to Frontier's Chapter 11 reorganization plan. PURA is tasked with reviewing Frontier's bankruptcy plan. CWA is trying to make sure the bankruptcy plan improves services and keeps jobs in Connecticut.

House Democrats and Republicans are finding common ground on a set of principles for countering tech monopolies that they believe could drive a bipartisan push in the new Congress to update antitrust law. Representatives from both parties are finding it easier to agree on antitrust policy ideas than on proposals about content moderation and liability, where the two parties 

Our failure to create inclusive policies that close the digital divide has done serious harm to the Americans who were already struggling to put food on their tables prior to the pandemic. The failures of our past, however, do not have to dictate the future. It is time—in fact, it is past,time—for the tech and telecom sector to take account for issues of equity and fairness. 

With the Federal Trade Commission expected to unveil long-awaited antitrust action against Facebook in the near future, the agency's mixed record on regulating tech has experts viewing the case as a "put up or shut up" moment. Most of the tech cases the FTC has tackled involve consumer protection rather than restraining monopolistic behavior. Past antitrust investigations of tech mergers or companies, like a review of Google that ended in 2013, led critics to paint the FTC as toothless.