The Federal Communications Commission’s (FCC) recently issued notice calling for a review of the agency’s broadcast-ownership rules raises a foundational question: what purpose do these rules serve in a world of digital abundance? Indeed, FCC Chair Brendan Carr has observed the fundamental changes in how broadcasters compete in a marketplace of “numerous online audio and ... A Clean Slate Approach to Broadcast Regulation The post A Clean Slate Approach to Broadcast Regulation appeared...| Truth on the Market
On the docket for this week’s meeting of the Federal Communications Commission (FCC) is a notice of proposed rulemaking (NPRM) on broadcast-ownership rules, which just so happens to arrive amid a profound shift in the industry’s content-distribution model from broadcast to streaming. Streaming services now command nearly half of all U.S. television viewing, while local ... The FCC’s Broadcast-Ownership Review: Will the Agency Open the Door for Comprehensive Reform? The post The FCC’s ...| Truth on the Market
When late-night show Jimmy Kimmel Live! came back from its temporary “break,” viewers in many markets discovered something odd: Kimmel wasn’t back on their local stations. In markets with ABC affiliates owned by media giants Sinclair and Nexstar, stations skipped the show entirely, substituting their own content instead. This incident highlights a bigger question that ... Your Local News Anchors Might Welcome Their New Corporate Overlords The post Your Local News Anchors Might Welcome...| Truth on the Market
Just weeks after Skydance Media completed its acquisition of Paramount Global, the new company is reportedly preparing a majority cash bid to acquire Warner Bros. Discovery (WBD) in its entirety, including its cable networks and movie studio. A Skydance-Warner combination could reshape the global entertainment landscape. Backed by Paramount Skydance CEO David Ellison’s substantial family ... Scale or Fail: Why Paramount Skydance’s Warner Bros Gambit Makes Economic Sense The post Scale o...| Truth on the Market
The European Union has a well-established playbook for regulating industries dominated by U.S. firms: Identify a market where American companies are global leaders; Draft sweeping legislation grounded in vague principles like “fairness” or “sustainability”; and Create a regulatory structure that imposes disproportionate burdens on the largest and most successful (and usually foreign) companies. The EU’s ... The EU Proposes a DMA for Space The post The EU Proposes a DMA for Space...| Truth on the Market
A recent report prepared for NATE: The Communications Infrastructure Contractors Association by the Brattle Group paints a troubling picture of the U.S. wireless-infrastructure industry. But a closer look at the report’s narrative demonstrates that it is built on faulty premises, misapplied economics, and a failure to connect the dots. While the report serves as a ... Claims of Monopsony in the Wireless Industry Don’t Add Up The post Claims of Monopsony in the Wireless Industry Don’t ...| Truth on the Market