Hardening the Oligopoly in Wireless Broadband

Art Brodsky of Public Knowledge has some incredibly insightful analysis on the proposed purchase of T-Mobile by of AT&T.

The $39 billion deal would effectively reduce the number of national wireless broadband service providers to three (AT&T, Verizon, and Sprint – and as a Sprint customer, why do I have a feeling this development will f*ck me, too?).

Brodsky’s piece catalogs the immense amount of backstage preparation AT&T accomplished to sow the seeds of government approval for the buyout. However, he also touches on one implication of this deal that deserves more attention: it’s “the one issue that never seems to go away – Net Neutrality.” Read More

Striking Back At The Empire?

From the inestimable Jerry Del Colliano: a former employee of Cumulus Media is pursuing a class-action lawsuit against the company (common share stock price as of today: $2.55) alleging several violations of employment law. The suit is in the very preliminary stages now, but if any of Jerry’s other informants inside Cumulus (and other large radio conglomerates) can back up their “believe it or not” horror-stories, the company – and perhaps the entire industry – is in for some serious trouble.

A quick history recap: after the passage of the Telecommunications Act of 1996, the radio industry went on a station-buying binge. This led to massively inflated prices for stations across the nation. Flush with cash from investment banks, radio companies bought other radio companies, leading to a situation where less ten major broadcast conglomerates controlled some two-thirds of the industry’s total revenue. Read More

Comcastic Adventures: Coming to Everyone?

It’s difficult, even for me, to wrap my head around the scale and scope of the merger-in-progress between Comcast and NBC/Universal. I’ll leave it to Harold Feld, who comprehensively (and in eminently-readable fashion) analyzes the implications of this deal.

Quoth Feld, “In ideological terms, it is rather like Vatican City joining the Arab League.” Distinctively, it’s the first merger where historical enemies in the Big Media marketplace are now combining. The implications are massive; Comcast’s promises of the merger’s benefits clearly ring hollow. Read More