* Walt Disney Co. CEO Bob Iger and Tesla Inc.'s co-founder and CEO Elon Musk resigned from the U.S. advisory council, following President Donald Trump's announcement of pulling the U.S. out of the Paris Climate Agreement. Meanwhile, CEOs and executives from companies, including Apple Inc., Google Inc. and Facebook Inc., took to social media to express their disappointment over the Trump administration's decision.
* Cord-cutting is not going away anytime soon, according to American Cable Association CEO Matt Polka. Speaking during an interview for C-SPAN (US)'s "The Communicators" series set to air on television on June 3, Polka, whose association represents small and medium-size cable operators, described cord-cutting as "the video issue of our time."
* A stay issued by a federal appeals court on the Federal Communications Commission's station ownership rule could be a hindrance for Sinclair Broadcast Group Inc.'s about $3.9 billion deal to buy Tribune Media Co., Variety reports. The D.C. Circuit Court of Appeals reportedly put a hold on the FCC's ruling in order to review the merits of the case. The FCC ruling allows companies to bypass the restriction on the number of stations that they could own.
* After announcing that it was moving "This Is Us" to Thursday night for its second season, Comcast Corp.'s NBC (US) is going to keep broadcast's breakout hit series on its original night this fall. The move from its planned position on Thursday at 9 p.m. gives the multigenerational drama better scheduling continuity, while keeping it away from "Thursday Night Football."
* Univision Communications Inc. unit Univision Local Media Inc. joined a consortium that Sinclair Broadcast Group and Nexstar Media Group Inc. set up recently to promote broadcast spectrum aggregation, innovation and monetization. The consortium agreed to collaborate on a nonexclusive basis and "continues to welcome the inclusion of other television broadcasting entities," according to a news release.
* Time Warner Inc.'s HBO (US) picked up rights to "Today Will Be Different," a television series starring Julia Roberts, Variety reports. "Today Will Be Different" is based on the book of the same name from author Maria Semple.
* Hero Licenseco LLC pulled its application to sell the license of KBEH in Los Angeles, a deal which had attracted special attention from the Federal Communications Commission. Hero had planned to sell the KBEH license to KWHY-22 Broadcasting LLC, a subsidiary of Meruelo Group's broadcast segment, for $10 million.
* Alphabet Inc.'s self-driving car unit Waymo is exploring the integration of its self-driving technology into trucks, Reuters reports, citing a company representative. Waymo is also testing new hardware and interior designs for self-driving cars that would allow passengers to get a 360-degree view around the vehicle.
* Microsoft unveiled an updated version of Skype that brings in new features for users. According to an official blog post, the updated version, which includes new add-ins and bots, will first roll out to mobile and will become available for desktop later. Android devices will get the new version first, while versions for Windows and Mac will be released over the next few months.
* YouTube updated its guidelines for content that can feature ads. According to an official blog post, YouTube has taken a "tougher stance" on hateful content, inappropriate use of family entertainment characters and incendiary and demeaning content in a bid to ensure that ads do not appear alongside questionable or offensive content on the social network.
Regulation & Policy
* The FCC will vote during its June 22 meeting on an order paving the way for SoftBank Group Corp.'s OneWeb satellite unit to provide broadband services using satellite technology to expand internet access in remote and rural areas, according to a blog post by Chairman Ajit Pai. The agency will also consider a Notice of Inquiry seeking public input on ways to facilitate greater competition and consumer choice for internet service in apartment complexes, office buildings, and other so-called "multi-tenant environments."
Internet & OTT
* Netflix Inc. canceled original series "Sense8" after two seasons, the company said. The second season premiered May 5.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng increased 0.44% to 25,924.05, and the Nikkei 225 climbed 1.60% to 20,177.28.
In Europe, around midday, the FTSE 100 was up 0.34% to 7,569.70, and the Euronext 100 was up 0.86% to 1,035.45.
On the macro front
The employment situation report, the international trade report and the Baker-Hughes Rig Count report are due out today.
The Daily Dose Asia-Pacific: U.S. to pull out of Paris climate accord; Intelsat, OneWeb axe merger deal: SoftBank Group's OneWeb and Intelsat S.A. are set to terminate their merger and related share purchase agreement, while Malaysia-based iflix extends the company's footprint to 23 countries with the establishment of iflix Africa.
Hires and Fires: US Media & Comm management moves through May 31: Rackspace, TDS Telecom: S&P Global Market Intelligence presents a weekly rundown of executive changes in the media and communications industries.
Washington Watch: New battle lines drawn in ISP privacy debate: A recent bill in Congress is causing new battle lines to be drawn in the ongoing fight over internet privacy.
Cannes 2017: TV series gain wider acceptance: S&P Global Market Intelligence provides a three-part roundup of key industry news from the annual Cannes Film Festival, which took place May 17-28 in Cannes, France. Today, part 3: the U.S.
The Daily Dose Europe: Telecom Italia names de Puyfontaine chairman; A+E Networks to buy out German JV: Vivendi SA CEO Arnaud Roy de Puyfontaine has been appointed executive chairman of Telecom Italia SpA, while A+E Networks is buying NBCUniversal International's stake in a joint venture that operated A+E Networks Germany.
Multichannel Trends: DVRs hold steady in 1st quarter: Estimated U.S. households with integrated DVRs were flat in the first quarter, holding at 54.7 million.
Research & Analysis: 2017 US mobile payment survey shows PayPal dominates diverse channels: S&P Global Market Intelligence surveyed hundreds of mobile payment app users. We found that PayPal Holdings Inc. is the most used platform for in-store purchases and person-to-person payments, while retail brand-specific apps are very attractive to consumers.
Multichannel Trends: Accelerating multichannel sub decline does not buck programming costs trend: No surprises on the programming front in the first quarter, as a core group of top multichannel distributors saw the line item again rise at a high-single-digit clip.
Economics of TV & Film: Kagan Box Office Report – Week 22: The summer slide continued into its fifth week in week 22 of the box office year.
Multichannel Trends: Cable Q1 CapEx steady as MSOs gear up for broadband upgrades in 2017: Broadband upgrades including DOCSIS 3.1 and gigabit internet deployments, alongside line extensions, were cited as the primary drivers for first-quarter spending.
Wireless Investor: Sharing is caring in European mobile network densification: European operators at the SCWS World summit discussed strategies to expand mobile coverage through enhanced equipment and spectrum-sharing arrangements.
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