Here are the editor's top picks for the week.
Indianapolis could be key to FCC approval of Nexstar-Tribune merger
The U.S. Department of Justice has conditionally approved Nexstar Media Group Inc.'s pending purchase of Tribune Media Co., but the proposed transaction must still gain approval from the U.S. Federal Communications Commission, which may be assessing market dynamics in Indianapolis. A media analyst said the agency may have to grant a two-station, Big Four duopoly waiver or could require the sale of the CBS (US) or FOX (US) affiliated station in the market.
CenturyLink CEO: Fiber 'beats wireless, whether that's 5G or not'
CenturyLink Inc.'s future lies in fiber, according to company CEO Jeffrey Storey. Speaking during an earnings conference call, Storey said CenturyLink added approximately 5,000 fiber-fed buildings to its on-network footprint in the second quarter, up from the 4,500 new fiber-fed buildings the company added in the first quarter.
5G Focus: Verizon rollout; Vodafone/TIM network deal; partnerships in China
Tech and telecom companies have been busy touting their respective 5G initiatives. Verizon Communications Inc. flagged the ongoing expansion of its 5G service, as Vodafone Group PLC and Telecom Italia SpA agreed to include 5G services in their network-sharing deal in Italy. Meanwhile, partnerships in financial technology, interactive entertainment and gaming dominated China's 5G scene.
Viacom CEO attributes turnaround to advanced advertising across linear, digital
Viacom Inc. returned to domestic advertising growth during the third quarter of its fiscal 2019. The programmer registered a 6% gain year over year in U.S. ad revenues to $976.0 million, ending a negative trend that had stretched to 20 quarters.
Data Dispatch: Technology stocks lead S&P 500 higher in July as earnings beat expectations
Technology companies led gains in the S&P 500 index in July, helping to push both the Communications Services and Information Technology sub-sectors higher as Twitter Inc., Facebook Inc. and Alphabet Inc. all posted better-than-expected second-quarter earnings. Communications stocks posted a total return of 3.4% in July, while information technology rose 3.3%, helping the broader S&P 500 to a 1.4% advance, its second consecutive monthly gain.