Paramount Skydance announced a hostile takeover bid Monday to buy WBD, offering $30 each for all outstanding shares of the company. The move follows the announcement that Netflix struck an $82.7 billion deal last week to purchase WBD (see 2512050046). One analyst said he sees President Donald Trump's heavy involvement in the fight over WBD as an advantage for Paramount over Netflix.
The FCC appears unlikely to move forward quickly on changing its rules for legacy business data services (BDS), as proposed in an NPRM that commissioners approved ahead of their August meeting (see 2508050056), industry officials said. Unlike other reform proposals that are getting enthusiastic endorsement, at least from industry -- including faster copper retirements (see 2509300039) and streamlined wireline siting rules (see 2511170028) -- the BDS changes are seeing little support.
Charter, Cox and a number of groups supportive of the MVPDs’ $34.5 billion merger blasted a petition to deny the deal in replies filed in FCC docket 25-233 last week. The petition (see 2511190049) from Public Knowledge, the Communications Workers of America (CWA), the Benton Institute for Broadband & Society and the Center for Accessible Technology used old data and ignored the competitive landscape for MVPDs, said filings from the Free State Foundation, the Competitive Enterprise Institute, the Center for American Rights, the League of Latin American Citizens and others. The petition’s “portrayal of Charter and Cox as dominant Internet access ‘gatekeepers’ simply does not match today’s marketplace realities,” said a joint filing from the companies.
Netflix announced Friday an agreement to buy Warner Bros. for $82.7 billion after the latter company spins off Discovery Global, but the deal could face regulatory hurdles at the FTC or DOJ, and the combination has been criticized by lawmakers of both parties.
FCC Chairman Brendan Carr cracked self-deprecating jokes about his relationship with President Donald Trump, the uproar over his conflict with Jimmy Kimmel, and his colleagues on the commission during his first address as chairman at the annual FCBA dinner Wednesday night. Directly across Massachusetts Avenue from the event at Washington’s Marriott Marquis hotel, Free Press, Public Knowledge and Tech Freedom projected criticisms of the Carr administration onto the front of the Mount Vernon Place United Methodist Church.
National Religious Broadcasters (NRB) voiced concerns about a planned Senate Intellectual Property Subcommittee hearing Tuesday on whether to levy a performance royalty on stations playing music on terrestrial radio, saying Thursday that the meeting “could be used to conflate” that issue and expected congressional action on the AM Radio for Every Vehicle Act (HR-979/S-315). Congressional leaders scrapped a bid to attach a previous version of the measure to a continuing resolution to extend federal appropriations last year after House Minority Leader Hakeem Jeffries, D-N.Y., pressed to simultaneously add the American Music Fairness Act, which would institute a terrestrial performance right (see 2412180033).
Telecom carriers are changing how they work together and cooperating on making application programmable interfaces (APIs) available to customers, speakers said Thursday during a TelecomTV conference. They also warned that while carriers are anxious to find new business lines, much about how the future will look remains unclear.
Chairman Charlie Ergen and others from EchoStar met with FCC Chairman Brendan Carr and his aides to emphasize that the company didn’t want to sell its spectrum licenses to AT&T and SpaceX (see 2509090036) but was left with little choice, according to an ex parte filing posted Thursday. Meanwhile, EchoStar and AT&T jointly defended the deal in a separate filing posted Thursday in docket 25-303.
Communications Daily is tracking the lawsuits below involving appeals of FCC actions.
California’s continuing interest in VoIP regulation is a concern, and the lack of FCC preemption of state VoIP oversight is proving to be a problem, speakers said Wednesday at a vCon conference about AI and telecom issues. Also at the event, Ecommerce Innovation Alliance (EIA) President David Carter said the e-commerce industry, faced with rocketing amounts of “shakedown litigation" about texts sent during quiet hours, is anxiously hoping that the FCC will act soon on the group's 9-month-old petition for a declaratory ruling (see 2503030036). An agency affirmation that prior consumer consent means those texts don’t violate the Telephone Consumer Protection Act (TCPA) “should have been a no-brainer,” Carter said.