Medium-sized businesses are most affected by cyberattacks compared with smaller or larger companies, with companies employing between 500 and 999 workers investing less in cybersecurity than larger companies but experiencing nearly the same number of attacks, according to a recent report. The report also indicated that as many as one in 22 security professionals around the world double as cybercriminals.
The number of independent ad tech firms has dropped 21% since 2013, per LUMA Partners, while investment in digital ads continues to surge, hitting $88 billion in 2017, per the Interactive Advertising Bureau; over 90% of that money was soaked up by either Google or Facebook. Three Pillars Recruiting's Eric Adelman said AT&T's acquisition of AppNexus could provide needed competition in the digital ecosystem, noting, "Having three giants in the industry is much better than having two giants."
The Radio Music License Committee, the Television Music License Committee, and music streaming services Spotify and Pandora have joined together to oppose the elimination of Ascap and BMI consent decrees. "It would harm consumers, create chaos in commercial ecosystems that evolved around them for more than 75 years and contravene DOJ's own assessment just two years ago," the organizations wrote in a filing to the Justice Department.
New York City Mayor Bill de Blasio has accused Rupert Murdoch's media outlets -- including Fox News -- of stirring up racial tensions and dividing the nation. The mayor said the outlets are guilty of "dividing people and creating hatred and negativity and changing our political landscape for the worse."
AT&T will support a 5G connected urban development in Frisco, Texas -- a project the parties say is among the first of its kind in the US. The telecom will link the 242-acre, mixed-use development with microcells and fiber optics and will provide Wi-Fi service in the common areas.
Sumner Redstone's trust agreement includes a provision that the trust must maintain at least 30% stakes in Viacom and CBS, restricting sales of the companies, The Wall Street Journal reports. The provision was revealed in Delaware Chancery Court, where Redstone's National Amusements is battling CBS in a lawsuit.
Hulu's subscriber count rose in the second quarter, but its cash losses more than doubled during the period, reaching $357 million. With Disney set to gain majority control of the streaming platform, questions remain about how the entertainment company will establish a profitable model for the over-the-top service.
DIRECTV Now added 342,000 subscribers in the second quarter, steadily closing the gap with Sling TV. DIRECTV Now could surpass Sling TV and become the largest streaming service in the US this year if this rate of growth continues.
CBS has not shied away from covering allegations of inappropriate behavior and sexual harassment against CBS executives Leslie Moonves and Jeff Fager. Should the executives remain at the company post-investigation, those involved in writing and producing such stories may find themselves in uncomfortable positions, Adam Buckman writes.