Meg James and Stephen Battaglio discuss the rise of CBS CEO Leslie Moonves in light of CBS' recent battle with the Redstone family over a potential merger with Viacom. Should Moonves exit the company, several key executives may depart as well, with TV consultant Preston Beckman noting, "If Les left, that would leave a good big hole."
Federal Trade Commission Chairman Joseph Simons during a hearing Thursday confirmed that the agency has the "resources and capability" to enforce net neutrality regulations. Simons also noted that Federal Communications Commission Chairman Ajit Pai has offered to provide the FTC with resources -- namely technical resources -- to assist in their oversight.
A report from Kagan has revealed that many consumers are engaging in cord-switching, or shifting to streaming services such as DIRECTV Now and Sling TV. Nonetheless, recent Nielsen data revealed that 93% of households with a streaming service still watch traditional TV, with the report noting, "As the average American now has more ways than ever to view content, the resilience of traditional programming is impressive in today's digital age."
Verizon will conduct field trials of 5G-based fixed wireless service under a partnership with Samsung and South African carrier Comsol. The Johannesburg-based test, which will use 28 GHz millimeter-wave technology, will rely on Verizon's 5G Technical Forum standard and should begin by the third quarter.
The News Media Alliance sent a letter to Facebook's Mark Zuckerberg denouncing the platform's move to put journalism in the same category as political advocacy by requiring "Paid for by" labels on news items featuring political content, writing that it "dangerously blurs the lines between real reporting and propaganda." Meanwhile, News Corp. is advocating for the creation of an "algorithm review board," which would regulate the news algorithms used by tech companies including Facebook and Google.
NBC's coverage of the royal wedding on its "Today" live special drew in 6.4 million viewers, topping all other broadcast networks, per Nielsen data. The network narrowly surpassed ABC News, which drew in 6.3 million for the wedding between Prince Harry and Meghan Markle.
Spectrum Enterprise Executive Vice President Phil Meeks has put out an industrywide call for communications service providers to install more fiber to increase bandwidth for industries such as health care, retail and banking. Spectrum plans to spend $1 billion on its fiber initiative this year.
AT&T will offer gamers a preview of how 5G networks will give them a more immersive mobile experience when the telecom rolls out a demonstration at next month's Electronic Entertainment Expo. The carrier has won federal approval to put the 28 GHz fixed wireless technology on display in partnership with Ericsson, Intel and ESL.
AT&T has introduced its Airship project as an open-source platform aimed at helping cloud operators get off the ground. The project is a partnership involving the carrier, the OpenStack Foundation, Intel and South Korea's SK Telecom.
Fox during its upfront presentation last week announced that it will be testing one-minute advertisements through either one single ad or back-to-back 30-second spots. The new ad format will be used during live sports events and Sunday prime time and on Fox's cable networks.
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