Ownership

The transaction resulting in the acquisition by ByteDance of Musical.​ly, to the extent that Musical.​ly or any of its assets is used in furtherance or support of, or relating to, Musical.​ly’s activities in interstate commerce in the United States (“Musical.​ly in the United States”), is hereby prohibited, and ownership by ByteDance of any interest in Musical.​ly in the United States, whether effected directly or indirectly through ByteDance, or through ByteDance’s subsidiaries, affiliates, or Chinese shareholders, is also prohibited. In order to effectuate this order, not later than 90 da

Reforming the nation’s century-old antitrust regulation is critical to ensuring a fair marketplace, and limiting the harm monopolistic practices can have on American consumers. However, the dire need for updated legislation does not mean Congress should pass legislation that is not carefully thought out for the long-term. This report examines the decades around the turn of the 20^th century, when the US adopted the two pillars on which a uniquely American and remarkably successful political economy was built – the Interstate Commerce Act of (ICA) 1887 and the Sherman Act of 1890.

Sumner M. Redstone, the billionaire entrepreneur who saw business as combat and his advancing years as no obstacle in building a media empire that encompassed CBS and Viacom, died at his home in Los Angeles. He was 97. Beginning with a modest chain of drive-in movie theaters, Redstone negotiated, sued and otherwise fought to amass holdings that over time included CBS, the Paramount film and television studios, the publisher Simon & Schuster, the video retail giant Blockbuster and a host of cable channels, including MTV, Comedy Central and Nickelodeon.

The 2020 edition of the Institute for Local Self-Reliance's Profiles of Monopoly: Big Cable and Telecom report analyzes the latest data available from the Federal Communications Commission to investigate broadband competition in communities across the country. Thanks largely to the power of monopoly corporations like Comcast, Charter, and AT&T, millions of Americans still do not have a real choice when it comes to their Internet service.

A three-judge panel of the US Court of Appeals for the Ninth Circuit threw out an antitrust verdict against Qualcomm, overturning a ruling that had threatened the chip maker’s business model. The panel reversed a 2019 ruling by District Court Judge Lucy Koh, who found that Qualcomm had abused its monopoly position in wireless chips and overcharged mobile phone makers for its patents.

The rule that prevented a studio from buying up a major theater chain is now gone—opening up the possibility that your local cinema could go whole hog and become a true Disneyplex before you know it. A federal judge agreed to the Department of Justice's petition to vacate the Paramount Consent Decrees, a landmark 1948 ruling that forbade vertical integration in the film sector and ended the Hollywood studio system. In isolation, the decision could raise some concerns.

Charter Communications has won support from an unlikely roster of organizations as it seeks permission to increase fees for customers that use a lot of data. The Boys & Girls Club of Harlem, for example. The New York youth organization is among scores of civic and local-business groups that have received charitable donations from the company, and have reciprocated by filing statements on Charter’s behalf with the Federal Communications Commission.

President Donald Trump has sent a message to the Federal Communications Commission: Cross me for misusing my powers in this way, and you’ll be punished, too. The president wants Mike O’Rielly, his fellow FCC commissioners, and appointees across agencies to know what happens when they dare to put the rule of law first, just as the president wants Twitter, and Facebook, and all influential companies on the Internet or off to know how carefully they must tread with him in charge.

Companies like Apple, Alphabet, Facebook and Amazon provide consumers with a wider array of goods and services than ever and at remarkably low prices. But there’s a catch: The same companies that have improved consumer access to cheap products are increasingly limiting options in the marketplace of ideas and raising the cost of ideological dissent.