William Rogerson, a former FCC chief economist and noted critic of the 2010 merger of Comcast and NBCUniversal, will be part of the team that oversees the Federal Communications Commission as it makes crucial regulatory rulings on the pending Comcast/Time Warner Cable and AT&T/DirecTV mergers.
Mexican billionaire Carlos Slim will buy AT&T's stake in América Móvil for $5.6 billion, further tightening his grip on the Mexican telecommunications giant. AT&T had been expected to sell its holding in América Móvil as a way to ease regulatory passage of its proposed $49 billion deal for DirecTV.
Top officials for AT&T and DirecTV are set to make the case for their proposed $49 billion merger in back-to-back hearings in the House and Senate Tuesday, but will be greeted by testimony from several dissonant voices.
Wading through a merger deal that was made 15 years ago, a Minnesota federal court has ruled that DirecTV cannot drop lightly watched channels Reelz and Ovation TV.
With the top four pay-TV services seeking regulatory approvals to combine into just two companies, the major media conglomerates are seriously pondering their own unions to offset what could be an advantage in bargaining power.
Kicking the tires on AT&T's claims to federal regulators last week that its proposed purchase of DirecTV will result in all kinds of consumer price benefits through bundled services, analyst Craig Moffett told investors Monday that AT&T has a "fundamental misunderstanding" of bundling economics.
Giving further shape to the regulatory gauntlet the proposed AT&T/DirecTV merger will have to run, the Senate Judiciary committee announced Friday that it will hold a hearing on the matter June 24.
The top House Republican on telecom issues Wednesday said there are no plans to hold hearings on the proposed Comcast-Time Warner Cable and AT&T-DirecTV mergers, giving these proposed pay-TV industry mega-weddings one less key regulatory hurdle to overcome.
Selling the Federal Communications Commission on its proposed $48.5 billion acquisition of DirecTV in a regulatory filing Wednesday, AT&T promised lower pay TV prices, greater broadband availability in rural areas and extended compliance with 2010 net neutrality legislation.
Calling the relationship between cable providers and their customers a "soup of misery," a management consulting firm says subscriber dissatisfaction with cable service has reached an all-time high, with 53 percent of surveyed consumers saying they'd ditch their service if they had more choices.