Here are the most read stories of the week.

A cable TV outlook from Wells Fargo Securities

High-yield investors offer a unique perspective on suspect sectors such as cable TV in which equity market pundits may harbor a more negative bias due to escalating broadband and mobile competition.

Bidding begins in Stage 4 of FCC reverse auction

Bidding in Stage 4 of the reverse portion of the FCC's broadcast incentive auction began Dec. 13. For the auction to close successfully, forward-auction bid prices must meet or exceed the clearing cost, or the amount needed to buy stations' spectrum in the reverse auction, plus $1.75 billion in repacking expenses the FCC has budgeted.

Fox, Sky agree to £11.7B takeover deal

21st Century Fox Inc. and Sky plc have agreed the terms of a recommended pre-conditional cash offer, which represents a value of about £11.7 billion, for the fully diluted share capital of the European pay TV provider that Fox does not own.

NBA commissioner says social companies could provide global reach

NBA Commissioner Adam Silver said that while multiplatform rights are tied up in the U.S. for nine years, there could be opportunities to experiment with top digital and social media companies as a means to build the league's global reach.

Amazon launches Prime Video globally

As expected, Amazon.com Inc. has made its Prime Video service available in more than 200 countries and territories.