Discovery has extended CEO David Zaslav's contract for five years, keeping him on board through at least 2023. Zaslav, who has been with the company since 2007, was a driving force in Discovery's acquisition of Scripps Networks Interactive and Eurosport.
The Federal Communications Commission has voted unanimously in favor of having a judge review Sinclair Broadcast Group's proposed acquisition of Tribune Media, a move that could block the deal. Before the vote, Newsmax CEO Christopher Ruddy confirmed that he expressed his opposition to the deal to President Donald Trump.
Private-equity firm Silver Lake has offered to invest around $500 million in iHeartMedia, sources say. The proposed deal, which would be in convertible preferred shares, has reportedly not been accepted by iHeartMedia.
Comcast says it is stepping away from its bidding war with Disney over 21st Century Fox assets to focus instead on acquiring UK pay-TV provider Sky, with CEO Brian Roberts saying, "I'd like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company." Fox has agreed to a $71.3 billion purchase by Disney.
The average Comcast Xfinity Mobile customer is 49.2 years old -- older than the customer bases of rivals Verizon, Sprint, AT&T and T-Mobile, a survey has found. The survey also showed that Xfinity Mobile's average customer subscribes to one over-the-top service and that 10% of Xfinity Mobile customers are considering eliminating their pay-TV subscriptions.
The Justice Department in a court filing Wednesday pushed for an expedited appeal of the court's ruling on AT&T's planned acquisition of Time Warner. The DOJ requests that briefs be completed by mid-October, with oral arguments to come "as soon as practicable."
Cable and satellite operators are exploring and engaging in internet of things opportunities despite challenges such as a lack of spectrum and licensed wireless networks, per a GlobalData report. "It is still early days for these alternative IoT providers, but it looks like they will ultimately be able to partake in what we eventually expect will be a 'massive' opportunity for connecting devices, products and services," says GlobalData technology analyst Kathryn Weldon.
Sinclair Broadcast Group this week offered to put two of its stations in a divestiture trust to rescue its $3.9 billion purchase of Tribune Media, which met with skepticism this week from Federal Communications Commission Chairman Ajit Pai. Pai ordered a hearing on the deal and took issue with Sinclair's original plan to divest its stations but retain operational control.
C Spire fired up a fixed wireless broadband service in a few of its Mississippi markets last weekend, saying that its speeds reach 120 megabits per second for $50 per month. The service includes free installation and waives data limits, a long-term contract and early termination fees.
The wireless broadband highway is getting faster, per a pair of reports that found US carrier speeds increasing in both directions from a year ago. Mean download speeds jumped by 20.4% in the first quarter to 27.33 megabits per second, per wireless metrics outfit Ookla, while mapping firm OpenSignal found similar results among the individual carriers.
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